Daily News Archive
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September 14,
2011 by in UnCategorized 
By Aggregated Content in Furniture Retailing on September 15, 2011
from http://c.moreover.com/click/here.pl?z5204295381&z=1250249030
Pier 1 Imports' shares gained 7,600 percent in less than three years, Cramer said, and he thinks the decorative home furnishings company isn't done going higher. Plus, the company just spent four years restructuring and reinvigorating its brand. Pier 1 also just reported an in-line quarter, with earnings coming in at 14 cents a share. So find out more about the quarter and what's in store for the future, Cramer went one-on-one with President and CEO Alex Smith.
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September 14,
2011 by in UnCategorized
By Home Furnishings Business in on September 15, 2011
Discount furniture retailer
Factory Direct 4U Furniture in Tulsa, Okla., starts a going out of business sale today.
David Hagedorn, owner, said the closing was indicative of the economy.
Hagedorn started the company as an offshoot of the
Conkling Co., a lumber supplier to Asian furniture factories. Instead of taking payment for the lumber in currency, the Conkling Co. accepted finished furniture at factory manufacturing costs. Factory Direct 4U was created to sell that product.
"The decision to close the store has been a difficult one," Hagedorn said. "We have been in the furniture business since the early 1920s. We are a true furniture discounter in Tulsa. For years, we have offered our friends and neighbors the best quality products at outstanding value pricing."
Hagedorn said the store closing sale is part of the "changing world economy."
"This event will bring even better value pricing to the Tulsa community," he said. "We have concluded that given the current economic conditions we must move on to pursue other interests."
Hagedorn said the retailer will honor all existing orders, warranties and service agreements.
Deere Park & Associates is advising the company on the liquidation.
September 14,
2011 by in UnCategorized
By Home Furnishings Business in Accessories on September 15, 2011
Occasional furniture and accessories vendor Howard Elliott Collection has relocated to a new, larger High Point Furniture Market showroom.
The new 4,300-square-foot showroom, space 224 in the International Home Furnishings Center's Hamilton Wing, is down the hall from its prior location. The larger space will allow Howard Elliott, Carol Stream, Ill., to feature additional furniture and bedding collections while simultaneously affording space to showcase its mirror and accessory collections in a more gallery like setting.
The new showroom will be ready to be unveiled for the upcoming High Point show in October. A ribbon-cutting ceremony and opening party will be announced.
September 14,
2011 by in UnCategorized
By Home Furnishings Business in Bedding on September 15, 2011
Furniture and bedding vendor Emerald Home Furnishings has teamed with Coastal Range Systems for implementation of SAP Business One.
In order to keep up growth, Emerald needed to incorporate a business management solution that could help it streamline current processes with a particular focus on manufacturing and inventory management, purchasing, accounting and finance, shipping, customer relationship management and e-commerce.
"After several months of researching the top eight ERP software solutions available with distribution and manufacturing functionality, Emerald's ERP team chose SAP Business One as the platform that most closely filled all our operational business requirements," said Josh Henkel, IT manager and ERP project manager for Emerald. "We felt very comfortable with the representation from Coastal Range and look forward to a successful implementation and long-term relationship with both Coastal and SAP."
In addition to manufacturing mattresses, Emerald Home Furnishings is a full-line supplier to the furniture retailers of dining room furniture, bedroom suites, fabric and leather upholstery, tables and chairs, catering to furniture retailers throughout the Unites States and other countries. It currently has showrooms in Tacoma, Wash.; Las Vegas; and High Point, N.C., as well as five factory warehouse facilities located in Shanghai, China.
"We are thrilled to add Emerald Home Furnishings to the growing list of successful businesses that we are helping to realize their objectives," said Stephen Loyd, president of Coastal Range Systems. "With this implementation of SAP Business One, Emerald Home Furnishings can improve processes and streamline workflows in its operations. We are committed to assisting Emerald in gaining a new level of clarity through a strong integrated business system and implement efficient approaches to meet their expectations."
September 14,
2011 by in UnCategorized
By Home Furnishings Business in Community/Charitable Support on September 15, 2011
Lifestyle home furnishings vendor Four Hands will again donate furniture to support a home makeover through LifeWorks.
LifeWorks is a local non-profit providing a comprehensive safety net of support to more than 10,000 individuals in the Greater Austin and Central Texas communities.
Each year volunteer teams compete to furnish and decorate apartments for youth living in the LifeWorks Supportive Housing Program. The program allows at-risk kids to have a place to live, with subsidized rent from LifeWorks, which provides guidance and counseling while the kids attend school and work.
"Five years ago, we put a team together and re-made an apartment for a young woman who had been in foster care and had recently become a mother. She was sleeping on a mattress on the floor, had a crib for her daughter and a couch that had been 'recycled' many times over," said Matthew Briggs, CEO and president of Four Hands, Austin. "Seeing her face when she walked in and saw her beautiful new home made us want to help more kids realize they are worthy of beauty, and we can help by putting Four Hands in each of their apartments."
Since 2007, Four Hands has donated gift cards and deeply discounted furniture to each team making over a LifeWorks apartment. Every night in Austin, about 500 youth are homeless. LifeWorks runs a continuum of housing (street outreach, emergency shelter, transitional housing, and supportive housing) to help them. The LifeWorks Home Improvement Challenge is a chance for teams to get to really know some of these kids. That challenges their preconceptions about teen moms and homeless youth while showing the LifeWorks clients there are adults who want them to succeed.
"What Four Hands does for these formerly homeless youth gives me chills because it's such a perfect fit," said Susan McDowell, executive director of LifeWorks. "Four Hands' involvement speaks to their mission of creating homes for people. These are clients that before have not had a place to call home and with Four Hands' Home help, they now do."
The LifeWorks Home Improvement Challenge is a friendly competition among community teams to create the best looking apartment with limited resources. Wade Oppliger, Vice President of Upholstery at Four Hands, will serve as judge for the 2011 event, which is Sept. 30 at an apartment complex in South Austin, not far from Four Hands headquarters.