Daily News Archive
Brought to you by Home Furnishings Business
January 10,
2011 by in UnCategorized 
By Home Furnishings Business in Financial Reports on January 11, 2011
Furniture Brands International (NYSE: FBN) expects net sales for the 2010 fourth quarter to be about $274 million.
In addition, the company expects financial results for the quarter to include charges of between $20 million and $25 million on a pre-tax basis. The selected charges include closed store expense, property disposition and restructuring expenses, accounts receivable charges, factory downtime costs, inventory charges, and trade name impairment. The company anticipates that the selected charges will be allocated approximately evenly between cost of sales and selling, general & administrative expenses.
Based on the company's anticipated fourth-quarter 2010 net sales, the company's fiscal 2010 sales are expected to total approximately $1.158 billion. The selected charges included in the fourth quarter 2010 results will be in addition to about $11 million in selected charges incurred through the first nine months of 2010 on a pre-tax basis. These charges were detailed in the
company's third quarter 2010 earnings press release.
The company will announce financial results for the fourth quarter and fiscal year ended Dec. 31 after the close of trading Feb. 2. Management will host a conference call to discuss the results and business trends at 7:30 a.m. Central time Feb. 3.
Furniture Brands' CEO Ralph Scozzafava and CFO Steve Rolls will discuss recent financial performance and provide an update on the company's strategic initiatives at the 13th annual ICR XChange Jan. 12.
Management comments and presentation will be Web cast live at 3:45 p.m. Pacific time.
January 9,
2011 by in UnCategorized
By Home Furnishings Business in Las Vegas on January 10, 2011
The Western Home Furnishings Association and National Home Furnishings Association have release their Winter educational seminar schedule.
All seminars are in the WHFA/NHFA Retailer Resource Center, C-488/496 unless otherwise noted. WHFA and NHFA seminars are offered Monday, Jan. 24-Thursday, Jan. 27 during the Winter Las Vegas Furniture Market.
WHFA has partnered again with World Market Center to offer the WHFA Academy Business Survival Academy Series on Monday, Tuesday and Wednesday afternoons on the third floor of Building C. Monday's session will feature "Actions for Transactions" by Philip Gutsell. Connie Post will present Tuesday's session, "Merchandising for a Must See, Must-Be-There Retail Experience"; and on Wednesday, Maggie Gillam will discuss "Integrated Inventory Management."
Other sessions held in the new Retailer Resource Center will feature topics such as sales and sales management, social media, advertising, promotions and much more.
Click here for a complete schedule of Las Vegas Market WHFA/NHFA seminars.
For more information about the Retailer Resource Center or the seminar series, visit whfa.org, or call 800.422.3778.
January 9,
2011 by in UnCategorized
By Home Furnishings Business in Executive Changes on January 10, 2011
Bedding protection products vendor Protect-A-Bed has named Rose Leahy key accounts manager in its retail division.
In her new position, Leahy will expand relationships with retail partners and ensure the company's goods and services consistently meet customer needs. Leahy has worked for Protect-A-Bed since October 2006 and has been involved in all aspects of the company including sales, training and marketing.
"Protect-A-Bed has a long history of wonderful partnerships with our retail clients and supplying quality mattress protection products along with a product training program," said Protect-A-Bed CEO James Bell. "Rose has proven that she is an integral part of the team by building relationships with key customers. In her new position, she will expand these relationships and bring additional resources to our customers."
Leahy and Protect-A-Bed's retail team work with retail clients across the country to help them educate their customers on the benefits of creating a healthy sleep zone and protecting their bedding investment.
"Sleep barriers like dust bites--which are a leading cause of asthma and allergies--and the recent bed bug infestations are causing customers to be more proactive about protecting their mattress and pillows against these invaders," Leahy said. "We're here to help our retailers educate their customers on how to properly protect their investment with Protect-A-Bed products."
One of the key focuses for Protect-A-Bed is to provide complete customer satisfaction.
"Our team of dynamic sales associates and trainers work day-in and day-out with our clients to make sure their sales forces are familiar with our products' features and benefits, as well as the most effective approach and techniques to the end user," Bell said.
January 9,
2011 by in UnCategorized
By Home Furnishings Business in Markets on January 10, 2011
Lifestyle home furnishings vendor Four Hands has added 1,536 square feet to its AmericasMart Atlanta showroom for a total of 8,855 square feet.
The addition to the showroom, located at AmericasMart Suite 11A-1, allows Austin, Texas-based Four Hands to debut the Esquire Home Collection and Kelly Hoppen brands at the Jan. 12-19 Atlanta International Gift & Home Furnishings Market.
In addition to more room, the addition improves the showroom layout's overall flow. The expansion was fueled by the continued growth in sales during 2010.
January 9,
2011 by in UnCategorized
By Home Furnishings Business in Rugs on January 10, 2011
Rug, wall decor and textile vendor Surya will begin a year long 35th Anniversary Celebration at the Atlanta International Gift & Home Furnishings Market, Jan. 12-19.
To commemorate the anniversary, Surya, Calhoun, Ga., will host parties at all eight of the markets it participates in throughout the year including Atlanta, Las Vegas, New York and High Point. To kick off the year long celebration Surya will be hosting a party at the Ritz-Calton Atlanta Grand Ballroom this Friday with a catered dinner, cocktails and live music.
Surya was founded in 1976 in the northeastern India village of Ugapur by Surya Tiwari. Surya's mission at the time was to establish a company that would help support and provide income for his family and local villagers.
The company established its first U.S. office and warehouse in 1986 in New York. In 2001, Surya moved to Calhoun, Ga., now home to the company's corporate offices and warehouses. Surya has grown to one of the largest rug exporters in India and suppliers to the U.S. and international markets.
"We are grateful for the support our customers have given us over the years," said Satya Tiwari, president of Surya. "We hope everyone will have a chance to come to at least one of our events this year. We want to celebrate and honor them throughout the year to thank them for everything they have done to help make us the company we are today."