March 27,
2013 by in UnCategorized 
By Aggregated Content in Financial Reports on March 28, 2013
from http://www.bizjournals.com/stlouis/news/2013/03/28/scozzafava-agrees-to-remain-at.html
Ralph Scozzafava has a new employment agreement that would allow him to remain chairman and CEO of Furniture Brands International through April 2016, according to a document the company filed with the Securities and Exchange Commission.
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March 27,
2013 by in UnCategorized
By Home Furnishings Business in High Point on March 28, 2013
HGTV Home Furniture will move to a new, larger showroom for the upcoming Spring High Point Furniture Market.
HGTV Home debuted a year ago next month in a 10,000-square-foot showroom on the 10th floor of the International Home Furnishings Center. For April Market, the brand moves to a 13,287-square-foot showroom on the 12th floor of the IFHC Commerce wing next to the Bassett Furniture Inds. showroom.
We have had encouraging commitments to the HGTV Home Furniture Collection brand in our first year and look forward to continuing to develop the line with new collections, accent pieces and upholstery, said Rob Spilman, Bassetts president and CEO. We are moving the collection to its permanent home on the 12th floor, next to the original Bassett showroom and conveniently across from the central Commerce elevators, where we will have more space to fully show the expanded HGTV Home collection in its entirety.
The new HGTV Home Furniture showroom will share a redesigned reception area, lobby and showroom address with Bassett, but each brand will continue to have its own separate independent showroom.
The new HGTV Home Furniture showroom will give us room to not only show the existing collections, accents and upholstery but also our new collection, upholstery expansion and new accents, said Renee Loper, HGTV Home Furniture vice president of marketing. In addition, there will be an extensive marketing room to tell the HGTV Home brand partner story. This new showroom also gives us the space to do fun and exciting things, like setting up retail display footprints and recreating looks from the 2013 HGTV Smart Home.
March 27,
2013 by in UnCategorized
By Home Furnishings Business in Executive Changes on March 28, 2013
Industry veteran Mike Brown has joined bedding vendor Kingsdown in the new position of national sales manager for the Sleep Comfort International Division.
With 27 years of experience in the mattress industry, Brown has extensive industry contacts and will lead efforts to expand distribution of the SCI brand.
Launched in September of 2012, SCI is a new, high-quality option in the competitive, low cost mattress market. Brown reports to Mebane, N.C.-based Kingsdown Executive Vice President of Sales and Marketing Kevin Damewood.
Brown spent nearly 20 years with American Bedding Co. in Gainsville, Ga., where he most recently served as sales manager, overseeing a team of 12 sales representatives that consistently broke company sales records.
In selecting Mike for this position, we wanted to find an industry veteran whose strength was cultivating both the relationships and new business necessary to successfully launch the SCI brand, said Damewood. Mike is an expert in opening new accounts because he understands how to work with dealers to improve their competitiveness even in the most difficult of markets. As a sales manager, he is the complete package he can merchandise, price, sales train and promote. Those traits make him the ideal person to grow our retail partnerships across America.
SCI is a value collection offering a half-dozen mattress options ranging in price from $199 to $799 in queen, manufactured at Kingsdown factories, bringing the companys styling and construction to low-cost mattress options.
My goal is to introduce dealers to the SCI difference, said Brown. "They no longer have to sacrifice quality or service just because a product is competitively priced. The craftsmanship in all of our plants is exceptional and its that superior tailoring, components and level of comfort that really gives us an advantage over other players in the value category."
Brown received his bachelors degree in economics from the University of North Carolina at Chapel Hill. He and his family reside in Atlanta.
March 27,
2013 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on March 28, 2013
Cincinnati-are furniture retailer Furniture Fair has debuted the HGTV Home Furniture Collection in all six of its stores.
Celebrating 50 years in business, the retailer is showing HGTV Home's Waters Edge and Modern Heritage collections, and Designer Choice upholstery in home-like environments.
Furniture Fair company hosted an unveiling party at its Fields Ertel store in Loveland, Ohio, on March 14. NFL Hall of Fame football legend and celebrity Anthony Munoz was on hand to greet guests and sign autographs. Guests were treated to refreshments as they entered to win prizes including HGTV Home Furniture products and subscriptions to the new HGTV magazine.
Offering quality name brand home furnishings at fair prices with exemplary customer care is the secret to our 50 years of success, said Bill Daniels, CEO of the family-owned business. We are excited to present our customers with a company like HGTV Home Furniture which shares our philosophy of providing great designs at great prices. Plus our in-house Design Destination team is looking forward to working with the many creative possibilities that HGTV Home Furniture has to help their customers create the perfect home solutions to fit their lifestyles.
March 27,
2013 by in UnCategorized
By Home Furnishings Business in Leather Upholstery on March 28, 2013
Leather upholstery supplier Natuzzi posted a net loss of 12.1 million Euro for the fourth quarter ended Dec. 31 compared to a net loss of 16.1 million Euro for the same quarter last year.
Net sales for the fourth quarter ended Dec. 31 were 126.5 million Euro compared to net sales of 129.6 million Euro during the same period last year.
The company posted a net loss of 26.1 million Euro for the year ended Dec. 31. Net sales for the year ended Dec. 31 were 468.8 million Euro compared to 486.4 million Euro reported last year.
The complete earnings release is available online.