March 21,
2011 by in UnCategorized 
By Aggregated Content in Financial Reports on March 22, 2011
from http://c.moreover.com/click/here.pl?z4346467132&z=1250249032
The Brick Ltd. says it had net income of $13.1 million in the fourth quarter of 2010.That's up from $12.2 million in the same quarter in 2009, a 7.3 percent increase.
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March 21,
2011 by in UnCategorized
By Aggregated Content in economic news on March 22, 2011
from http://c.moreover.com/click/here.pl?z4348437792&z=1250249030
Thomasville Furniture Inds. could bring 60 jobs to Thomasville, N.C., the
News & Record reported.
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March 20,
2011 by in UnCategorized
By Home Furnishings Business in Legal on March 21, 2011
Bank of America has sued World Market Center Las Vegas, alleging failure to make timely loan payments, the Las Vegas Sun reported Thursday.
Bank of America, trustee for investors in the property's mortgages, filed two lawsuits against World Market Center in Clark County District Court.
Lenders claim they're owed $46.6 million and are threatening foreclosure on at least part of World Market Center, according to the report.
The bank asked the court to appoint a receiver to run WMC's phases backing the loans and to collect rents; and that the receiver could run the properties until they're sold or foreclosed on.
Bob Maricich, CEO of World Market Center commented on the report.
"World Market Center continues to work toward a strong financial foundation and a robust new platform that is responsive to the needs and wants of its tenants and the industry for the long-term," he said. "We will continue to work cooperatively with ownership and our lenders on a financial restructuring to advance that mutual objective. In the short-term, we remain focused on running the business and capitalizing on the tremendous success of the Winter Market as we prepare for August."
March 20,
2011 by in UnCategorized
By Home Furnishings Business in Executive Changes on March 21, 2011
Case goods furniture manufacturer Linwood Furniture has named Jeff Schwall to the new position of executive vice president of sales and marketing.
He reports to CEO Mike Mebane.
Schwall, a 26-year industry veteran, is responsible for developing sales and marketing strategies for the Linwood brand, Linwood-Carolina Furniture Artisans Collections, and OEM opportunities, along with managing all aspects of product development, creation of marketing materials and activities, and supervision of public relations.
Schwall most recently served as regional vice president of sales for Schnadig Furniture Corp. He also has served as senior vice president of U.S. sales for Shermag Furniture, vice president of sales and marketing for Southern Furniture Reproductions, and vice president of sales for Lexington Furniture.
As we grow, it is essential to build an experienced leadership team to aggressively expand our base of furniture dealers and interior designers nationally and to explore new channels of business as a domestic OEM producer for other residential and contract furniture brands, Mebane says. Jeff is well regarded in the industry and thoroughly understands the retail marketplace as well as domestic manufacturing, which significantly differentiates Linwood from the industrys sea of sameness.
March 20,
2011 by in UnCategorized
By Home Furnishings Business in High Point on March 21, 2011
The International Home Furnishings Representatives Association has named the 2011 winners of the Charles B. Costar Dean of IHFRA Awards.
The awards will be presented at the annual IHFRA Presidential Gala during Spring High Furniture Point Market, Friday, April 1 at the IHFC Club on the 11th floor of the Green Wing of International Home Furnishings Center.
The Dean of IHFRA Award recognizes quality of service and dedication to IHFRA and individual chapter that has set an outstanding example for others to follow. The award was renamed in 2007 to the Charles B. Costar Dean of IHFRA to honor Costar, a longtime member and officer of the organization in recognition of CostarÃs dedicated service and loyalty to the rep group.
Christopher DeLisa winner of the Dean of IHFRA Award from Greater New York Home Furnishings Association is the Past president of the Greater New York Home Furnishings Association and current Vice President of IHFRA. He became a home furnishings representative six years ago after spending 15 years in retail. Chris also serves as the commissioner for the Wayne Police Athletic League T-Ball division and is the Vice President of Sales for Cory 1st Home Delivery.
Stephen Wisocky, president of the Home Furnishings Insurance Group, has been a member of the Tri-State Home Furnishings Association since 1997 when he became the property and casualty insurance broker for the Tri-State Chapter of IHFRA. Not only has Steve provided members of Tri- State Chapter substantial savings on their insurance policies, he has been an avid supporter of the Tri-State Chapter and IHFRA. Steve's mission through Home Furnishings Insurance Group has been total dedication to providing the home furnishings industry with the most competitive and comprehensive insurance products and services.
J. Emmet Root has been a long-time furniture representative in Omaha, Neb., beginning his career in the industry selling with his father Emmet R. Root of Minneapolis. He was home furnishings merchandise manager of Dayton Company before becoming an independent furniture representative. He now partners with his son Mike Root to represent such companies as Hughes, Ligo, Woodcrest and Progressive. His travels consist of selling major players in the Midwest and Rocky Mountain states. Root has served as President and Chairman of the International Wholesale Furniture Association, President and Chairman of Omaha Serra Club, President of Notre Dame Club of Omaha and active in community boards and fundraising in Omaha-Council Bluffs area.
The Metropolitan Furnishings Association of New Jersey Dean of IHFRA award winner is Chris Clarizio. He is a partner of Furniture Concepts Inc., the sales organization representing Klaussner Home Furnishings. He began his career working in management for Federated Logistics at their furniture distribution center in Raritan New Jersey, before joining Furniture Concepts as a manufacturerÃs representative in 1998. In 2005 Chris became President of The Dean Michael Clarizio Cancer Foundation shortly after his brother Dean lost his personal battle with cancer. To date, the Foundation has raised and donated over $200,000 to assist with the high costs of health care for cancer patients and their families.
Bert Asby is a longtime member of the Virginia/Carolinas Chapter and a member and past president of the local Richmond Furniture Club. He began his career as a sales representative for Broyhill Furniture in 1979. Since 1984 he has primarily served as an independent representative in Virginia, Maryland, Washington D.C., and Delaware.
Eddie Gonzalez has been a member of the Florida Home Furnishings Representatives Association since 2001. He served as President of the Chapter from 2008 to 2010 and is currently serving as Chairman of the Board. Gonzalez serves as an independent representative in Florida for Legacy Classic Furniture, Premier, Coast to Coast, Pelican Reef and Harden Manufacturing.
Brad Cofoid has been a member of IHFRA since 1991. He belongs to the Midwest Furniture Club, where he served as president in 1997 and has been a long-standing and active Board member serving on multiple committees. His furniture career began as a retail sales person at Harlem Furniture over 30 years ago. He soon left that position to become a manufacturers' representative and is now managing partner of Cofoid Enterprises, a rep group he started over 20 years ago. He and his team cover the Midwest area of Illinois, Indiana, Wisconsin and Michigan. They currently represent Natuzzi, The Bedding Group, Human Touch and Guard Master. Cofoid also rides in the MS 150 in Illinois every year.
HFR of Michigan's award winner if Richard J. "Ric" Tyler. He has been a member of HFRM since he started his career as a furniture representative in 1976. He has been a board member for the last 14 years serving on many committees. Elected president eight years ago and chairman of HFRM the following year, he has alternately served these two offices until the end of 2010. During his tenure Tyler was instrumental in helping guide HFRM through the most challenging economic times their group has known. He wrote and implemented the Web site for HFRM while overseeing the printing of the annual Buyer's Guide. From a small territory and one line Tylet has grown his own list of retailers and lines in his territories of Michigan and Ontario Canada.
Michael J. Burton is a past president of HFRG of Southern California (2005-2007) and continues to serve as a member of the Board and Golf Committee Chairman. Currently he is a representative for Robert Michael Ltd., USA Premium Leather and Uniters North America calling on majors and independents in Southern California. He is active in the Boy Scouts of America and serves as an Assistant Scout Master and Eagle Scout Advisor.
For more information on the IHFRA Presidential Gala, contact the IHFRA Office by phone at 336.889.3920, or e-mail.