Daily News Archive
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August 12,
2011 by in UnCategorized 
By Aggregated Content in economic news on August 13, 2011
from http://c.moreover.com/click/here.pl?z5070452487&z=1250249029
U.S. consumer sentiment worsened sharply in early August, falling to the lowest level in more than three decades, after retail sales posted the biggest gain in four months in July.
High unemployment, stagnant wages, gridlock in Congress, and a stock market slump all contributed to a consumer mood that was as grim as when Jimmy Carter was President during the recession of 1980 and interest rates were more than 20 percent. Despite the gloom U.S. consumers kept spending in recent weeks with retail sales up in July by the most in four months.
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August 11,
2011 by in UnCategorized
By Aggregated Content in Bankruptcy on August 12, 2011
from http://c.moreover.com/click/here.pl?z5064260186&z=1250249032
Customers will have to join other creditors in line for refunds from a furniture store chain that closed its doors this summer. Claims must be filed with the court by Nov. 7, under a ruling signed by a Jefferson County judge last week.
Complaints previously filed with the Better Business Bureau or the Department of Agriculture, Trade and Consumer Protection will be automatically submitted to the court, said DATCP spokesman Brock Bergey. Furniture Deals & Steals abruptly closed six stores across Wisconsin in early July.
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August 11,
2011 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on August 12, 2011
High-end Donghia is now distributing textiles, wallcoverings and lighting from Hinson & Co. in all of its national showrooms.
Hinson & Co. was founded by Harry Hinson, who remains a respected member of the design industry and director of design of the company. New collections are slated to be introduced biannually beginning in spring 2012; Hinson will be added to Donghia showrooms network over the next few months.
"This is a significant opportunity for Hinson and I believe that the integrity of our brand will thrive with such an established company as Donghia," Hinson said. "Our visions for growth and our commitment to superior quality are aligned."
The breadth of Hinson & Co. products, including Hinsons strength in archival prints and extensive range of color lines, will immediately offer designs which are unlike other products currently displayed in Donghia showrooms. Hinson will seamlessly integrate into the collections of Donghia forming a destination for both 20th and 21st century pieces. Hinsons signature Madagascar woven grasscloth wallcovering is a particularly highly-anticipated addition.
We are eager to support the Hinson brand and honor the work of Harry Hinson," Crans Baldwin, Donghia president. "Mr. Hinson is a leader in our industry and we are privileged to help write the next chapter of this brands story."
August 11,
2011 by in UnCategorized
By Home Furnishings Business in on August 12, 2011
El Dorado Furniture has been named the 2011 Florida Retailer of the Year by the Florida Home Furnishings Representatives Association.
The award, presented posthumously to El Dorado Furniture founder Manuel Capó, is given to businessmen who have distinguished themselves through management expertise and innovation in the Florida furniture industry. El Dorado has shown growth during hard economic times, spreading ¦ into other counties. It was an easy decision for us as a group to make, says FHFRA President Scot Barten.
Founded in 1967, El Dorado Furniture has grown to become the largest Hispanic furniture retailer in the United States. With 12 stores covering areas from Kendall to West Palm Beach, the family-owned business continues to grow throughout South Florida. El Dorados innovative Boulevard showrooms are also changing the way people shop for furniture, allowing customers to stroll down a quaint, old-fashioned main street surrounded by numerous facades that house different styles of furniture.
This years FHFRA luncheon is poised to raise the bar in its own right organizers are expecting the biggest turnout ever for the event. Special preparations and custom setups have been implemented in an effort to make this one of the most memorable luncheons the association has ever held.
The Florida Home Furnishings Representatives Association http://www.fhfra.org/ has been providing services, support, and recognition to Florida home furnishings representatives since 1946.
August 11,
2011 by in UnCategorized
By Home Furnishings Business in Casual Furniture on August 12, 2011
Zuo Modern has hired Johnnie Smith as vice president of national sales.
Smith will work with the company's sales force to improve the direct container program. She will be attending the major markets in Las Vegas, Chicago, and High Point to help facilitate the sales program.
I am very excited to be a part of the Zuo Modern family, Smith said. "And very exciting future for Zuo.