Daily News Archive
Brought to you by Home Furnishings Business
December 7,
2011 by in UnCategorized 
By Home Furnishings Business in Accessories on December 8, 2011
Linens, accessories and tabletop vendor SARO has nearly doubled its World Market Center showroom space for the Winter 2012 Gift+Home at Las Furniture Vegas Market.
The company has signed a multi-year deal for a more than 4,000 square foot showroom in Building C, Suite C-804.
"We're thrilled to have expanded our Las Vegas showroom by 100 percent to better serve our company's growing customer base," said Kev Kalenderian, president of SARO. "This expansion will give us more space to continue growing into new categories such as home accents, furniture, faux botanicals, fashion accessories, gift items and more. It will enable our buyers to have a more memorable experience, and inspire them to indulge their senses, dress their tables and homes, and adorn themselves."
December 7,
2011 by in UnCategorized
By Aggregated Content in Financial Reports on December 8, 2011
from http://c.moreover.com/click/here.pl?z5582520348&z=1250249027
Costco Wholesale posted a higher quarterly profit, helped by strong gasoline prices and membership fees. The largest U.S. warehouse club operator sells products from chicken to couches at a discount, to its members who pay annual membership fees. For the first quarter it earned $320 million, or 73 cents per share, compared with $312 million, or 71 cents per share, a year earlier. Net sales rose 13 percent to $21.18 billion, excluding membership fees. The club, which raised membership fees for most US and Canadian members by 10 percent on November 1, said membership fee revenue rose 7.5 percent
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December 7,
2011 by in UnCategorized
By Aggregated Content in Business Strategy on December 8, 2011
from http://c.moreover.com/click/here.pl?z5585363682&z=1250249029
Norton, Mass.-based Bernie & Phyl's has purchased two buildings at a former Lexington Furniture site, a 34,000 square foot building and a 5,000 square foot building, where the furniture-store chain plans to open a large showroom along with an upscale Metro Living concept store in the smaller building.
The stores are expected to open next month. A renovation to the property is planned, including adding a new facade to the exterior, architectural columns, colorful and warm-toned walls, and track lighting to create an elegant a backdrop to the furniture, the company said.
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December 7,
2011 by in UnCategorized
By Home Furnishings Business in High Point on December 8, 2011
Canadian furniture manufacturer Bermex Group is renovating the former Adams-Millis Hosiery Mill at 400 W. English Rd. in High Point.
At Spring High Point Furniture Market, the building will re-open as "The Factory," when it will house show space for all Bermex brands. Those include Bermex, Bertanie, Dinec, Midi, Jaymar, Jaymar Mattress, Shermag, Liinz, Dezmo and the new D-10 Collection.
Bermex Group Inc. is converting The Factory in conjunction with local designers into four floors of breath-taking loft-style showrooms.
"Our goal is to use The Factory's history, simplistic beauty and natural resources along with creative trendy design ideas of today to create a unique stage for our products that has never been seen before," said Vice President of Marketing Nancy Villemure.
December 6,
2011 by in UnCategorized
By Home Furnishings Business in Acquisition on December 7, 2011
Full-line furniture vendor Lexington Home Brands has completed its acquisition of Sligh Furniture Company.
Terms of the transaction were not disclosed.
Sligh is a designer and manufacturer of home office and entertainment furniture, and is one of Americas longest operating residential furniture companies. Sligh has won seven Pinnacle Awards for outstanding design from the American Society of Furniture Designers. The acquisition is expected to complement Lexingtons product offering and dealer network.
Lexington, an affiliate of Boca Raton, Fla.-based Sun Capital Partners, is markets and manufactures upscale wood and upholstered furniture. In addition to the Lexington brand, the company's portfolio of licensed national brands includes Tommy Bahama Home, and Henry Link Trading Co.