February 23,
2011 by in UnCategorized 
By Aggregated Content in Bankruptcy on February 24, 2011
from http://c.moreover.com/click/here.pl?z4169256302&z=1250249027
In less than 11 days, home-furnishings chain Robb & Stucky could be in new hands or on the road to oblivion. A U.S. Bankruptcy judge set an auction for March 7.
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February 23,
2011 by in UnCategorized
By Aggregated Content in Furniture Retailing on February 24, 2011
from http://c.moreover.com/click/here.pl?z4169830812&z=1250249027
Gorman's Home Furnishings has opened its newsest store in the former Israels Designs for Living Showroom.
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February 23,
2011 by in UnCategorized
By Home Furnishings Business in Bankruptcy on February 24, 2011
Furniture retailer Jennifer Convertibles has emerged from Chapter 11 reorganization, the company announced Wednesday.
"This is an important day for Jennifer Convertibles. We are emerging as what we believe to be a stronger organization that will better satisfy its customers, suppliers and employees," said Rami Abada, President of Jennifer Convertibles, Woodbury, N.Y. "We have worked diligently to maximize recovery for our creditors, while maintaining our focus on our core business of delivering quality home furnishings to our customers. We are excited, as we believe we are poised to provide our customers with some of the best values in the home furnishings industry. We are confident that our superior supply chain will not only provide our customers with great value but also great style and quality."
Jennifer Convertibles' principal supplier and creditor, Haining Mengnu Group Co. received approximately 90 percent of Jennifer Convertibles' new equity securities, with the remainder of the new equity securities to be distributed amongst certain of Jennifer Convertibles' former creditors. The former equity interests have been cancelled.
CEO Gebing (Morris) Zou and Abada lead Jennifer Convertibles' new management team.
Jennifer Convertibles owns 64 sofabed specialty retail stores in the United States; and eight Jennifer Leather stores. Jennifer also operates six licensed Ashley Furniture Homestores.
February 22,
2011 by in UnCategorized
By Aggregated Content in economic news on February 23, 2011
from http://c.moreover.com/click/here.pl?z4164063317&z=1250249029
Consumer Confidence rose in February to its highest point in three years as consumers feel more positive about job prospects and the direction of the economy.
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February 22,
2011 by in UnCategorized
By Aggregated Content in on February 23, 2011
from http://c.moreover.com/click/here.pl?r4163738463&f=10761
Phyllis Macay, a former executive with Profitability Consulting Group, was among the four American hostages killed by Somali pirates Tuesday morning.
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