Daily News Archive
Brought to you by Home Furnishings Business
December 27,
2010 by in UnCategorized 
By Home Furnishings Business in Community/Charitable Support on December 28, 2010
Restonic Mattress Co. will donate up to $10,000 to three charities during the Las Vegas Furniture Market Jan. 24-28.
Restonic will donate $25 for each attendee visiting the mattress vendor's space to one of three charities during the market: Autism Speaks, Habitat for Humanity and Make A Wish. Each attendee can designate their charity. Restonic's showroom is World Market Center B-926.
"We feel honored that Restonic would include Autism Speaks as one of their designated charities for this upcoming market," said Doug Krinsky, Restonic's sales manager and parent of a child with autism.
Restonic also will unveil a special promotion at this market, for the month of April, during Autism Awareness month. The event will feature a special marketing push with newspaper ads, in store signage and a limited edition Restonic/Autism Speaks bear to anyone that test rests a Restonic bed during the promotion. A donation also will be made for each bed sold by the participating retailer. Donations also will be taken from consumers at point of sale.
In addition, Roger Magowitz, Charitable Advisor, The Mattress Firm, has signed up to play in a Texas Hold 'Em poker tournament to benefit Autism Speaks, whose mission is to increase awareness about the growing Autism epidemic and raise funds for research, family services and advocacy in local communities and nationwide. The tournament is at Binion's in downtown Las Vegas on Tuesday, January 25, at 7:00 pm.
Players, who must be 21 years of age, and can register through the day of the tournament online. All players will receive an Autism Speaks t-shirt, pin and a special limited edition 3rd Annual 2011 Ante 4 Autism souvenir coin. The winner will receive the Third Annual Ante 4 Autism Grand Prize winner's plaque, as well as a portion of the proceeds. The entry fee is $125, and $50 of each entry goes directly to Autism Speaks.
Donations are also being accepted from non-players, as well. Each $50 donation will receive a raffle entry for prizes that will be awarded at the tournament, including a Tempur-Pedic queen set of bedding, a Restonic queen set of bedding, a Twin X Long Power Base from Leggett and Platt, and more. The winner need not be present to win.
To make a donation or register to play in the tournament, go here or visit the Poker Room at Binion's on Tuesday, Jan. 25 after 7:00 pm. Light snacks and food will be available at the event. Checks made out to "Autism Speaks" will be accepted at the tournament or may be mailed to Doug Krinsky, 5405 Blackhawk Forest Drive, Westerville, Ohio 43082.
December 27,
2010 by in UnCategorized
By Home Furnishings Business in Retail Closings on December 28, 2010
Rock Island, Ill., furniture retailer Hyman's Furniture Store, will close after 90 years in business, the Quad City Business Journal reported Monday.
The store will close after selling off its inventory. Stanley Goldman, whose mother, Rose, opened the store in 1920, will be 90 in April.
The decision to close "has been going back and forth between the family for months and months, Store Manager David Rockwell said in the report. "Stanley will be 90 in April. He wanted to make sure we do this on our terms, that there not be a need to necessarily do it. Business has been down a little bit. But overall, we are doing well."
The Goldman family has donated several downtown buildings to the city for other uses.
Plans for the properties include building more apartments and a new business incubator called the District Retail Entrepreneurship Program.
December 27,
2010 by in UnCategorized
By Home Furnishings Business in economic news on December 28, 2010
The Consumer Confidence Index dipped slightly in December after improving in November, the Conference Board announced Tuesday.
The Index now stands at 52.5 (1985=100), down from 54.3 in November. The Present Situation Index declined to 23.5 from 25.4. The Expectations Index decreased to 71.9 from 73.6 last month.
"Despite this month's modest decline, consumer confidence is no worse off today than it was a year ago," said Lynn Franco, director of the Consumer Research Center at The Conference Board. "Consumers' assessment of the current state of the economy and labor market remains tepid, and their outlook remains cautious. Thus, all signs continue to suggest that the economic expansion will continue well into 2011, but that the pace of growth will remain moderate."
Consumers' appraisal of present-day conditions was slightly more pessimistic than in November. The percentage of consumers claiming business conditions are "bad" decreased to 41.2 percent from 42.9 percent, however, those claiming business conditions are "good" declined to 7.5 percent from 8.5 percent. Consumers' assessment of the labor market was less favorable than last month. Those saying jobs are "plentiful" decreased to 3.9 percent from 4.3 percent, while those stating jobs are "hard to get" edged up to 46.8 percent from 46.3 percent.
Consumers' expectations were slightly less optimistic than in November. Those expecting an improvement in business conditions over the next six months edged up to 16.6 percent from 16.4 percent, while those anticipating business conditions will worsen edged down to 12.1 percent from 12.4 percent. Consumers remained mixed about future job prospects. Those anticipating fewer jobs in the months ahead increased to 19.5 percent from 19.1 percent, while those expecting more jobs declined to 14.3 percent from 15.1 percent. The proportion of consumers expecting an increase in their incomes decreased to 9.9 percent from 11.1 percent.
The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. The cutoff date for December's preliminary results was Dec. 20.
December 26,
2010 by in UnCategorized
By Home Furnishings Business in Legal on December 27, 2010
Three Coney Island furniture stores have been fined by New York inspectors for breaking rules, the New York Daily News reported Friday.
The businesses on Surf Avenue received fines totaling $14,500 for lack of written prices, refund policies and layaway plans.
Coney Island Furniture received a $10,500 fine for selling used merchandise without a license and not having a written layaway plan and price tags. Home Decor and Lago Furniture each received $2,000 for a layaway violation.
December 26,
2010 by in UnCategorized
By Home Furnishings Business in Store Openings on December 27, 2010
Home furnishings retailer H.D. Buttercup is holding a grand opening in San Francisco, the San Francisco Chronicle reported Sunday.
Culver City-based H.D. Buttercup had held a soft opening a few weeks ago. All merchandise is on sale through Jan. 17 for the grand opening.
"I love great cities, and San Francisco was always the first choice when discussing the expansion of H.D. Buttercup," Owner and CEO Evan Cole said in the report. "The spirit of San Francisco is creative, intelligent and individual. H.D. Buttercup embodies that spirit."
Meandering through the store, some observant visitors may pick up on a few nods to the local scene: The motif painted on a concrete expanse in the back was inspired by the Broadway Tunnel, and a wall display incorporates burlap coffee sacks from Four Barrel.
The 35,000-square-foot store carries furniture, accessories and lighting in a variety of styles.