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Furniture Connection Closing in Greensboro, N.C.

By Home Furnishings Business in Furniture Retailing on December 13, 2010

Furniture retailer Furniture Connnection will close its Greensboro, N.C., furniture store, the News & Record reported Sunday.

The North Carolina Department of Transportation's transportation department road widening plans led to the decision.

Furniture Connection has until Jan. 25 to vacate the location. The retailer has special liquidation pages on its website detailing closeout specials.

Landmark Furniture Store Closing in Elmer, N.J.

By Aggregated Content in Furniture Retailing on December 13, 2010 from http://c.moreover.com/click/here.pl?z3829216481&z=1250249027 For 62 years, Carl Harz Fine Furniture has sold Stickley tables and other high-end lines from what began as an upholstery shop in a converted chicken coop.

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Rosa's Files for Chapter 11 Bankruptcy

By Aggregated Content in Bankruptcy on December 10, 2010 from http://c.moreover.com/click/here.pl?z3821533750&z=1250249030 Rosa's Home Stores long known to Western New York for its furniture and electronics has filed for Chapter 11 bankruptcy. The company hopes to continue operating as it reorganizes debt.

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Jake Jabs Donates $3 Million to Alma Mater

By Home Furnishings Business in Community/Charitable Support on December 10, 2010

American Furniture Warehouse CEO Jake Jabs has donated more than $3 million to Montana State University's College of Business.

"This gift, from a man who grew up in a small town in Montana, will have an impact on generations of students from Montana and elsewhere," said Dan Moshavi, dean of the College of Business at MSU in Bozeman. "It will pave the way for thousands of MSU students to hone their entrepreneurial skills."

Moshavi said that the gift will be earmarked for the newly renamed Jake Jabs Center for Entrepreneurship for the New West. A portion of the gift will be used immediately to provide entrepreneurship-related services and learning opportunities for students, such as one-on-one mentoring and coaching and hosting entrepreneurs in residence. In addition, a separate fund has been established to provide scholarships to College of Business students studying entrepreneurship.

Jabs' father, who had no formal education beyond the second grade but who believed strongly in its value, is part of what inspired Jabs to invest in education, Jabs said. Jabs, a 1952 MSU graduate, also credits his parents, who immigrated from Russia and Poland, for providing him with a strong work ethic, and Jabs' father shared with his children his belief that education was essential.

"My dad always wanted us to get an education," Jabs said during a recent visit to MSU. "He always said he felt left out. My dad only had the opportunity to go through the second grade in Poland, and my mother only went through the seventh grade. Both of them encouraged us to get an education, saying it opens doors for you. It gives you opportunities that you wouldn't have otherwise. So, my dad gave us enough money to start in college.

"Education gives you the confidence to take risks, and to be successful in life you have to have take risks," Jabs added.

Thornton, Col.-based American Furniture Warehouse now has 11 stores, 1,400 employees and $330 million in annual sales. Jabs, 80, remains responsible for the day-to-day operations of the company and also oversees the company's team of buyers, often traveling to Asia on purchasing trips.

MFA/GNYHFA Honors 3

By Home Furnishings Business in Furniture Retailing on December 10, 2010

JeffKatz, Chris Clarizio and Eric Bernstein were honored by the Metropolitan Furnishings Assn. and Greater New York Home Furnishings Assn. for their service.

More than 200 furniture retailers, representatives and industry suppliers were on hand to celebrate at a dinner and dance, marked by a commemorative journal.

Clarizio, a partner at Furniture Concepts, the sales organization representing Klaussner Home Furnishings, was the recipient of the 2010 Dean of IHFRA Award recognizing quality of service to the industry, the recipient's charitable nature, and a dedication that sets an outstanding example for others to follow.

Eric Bernstein, president of Berkshire Furniture was chosen as the recipient of the 2010 Howard Liveright Memorial Award. Berkshire Furniture of Union, N.J., a retailer serving the tri state area for moderate to high quality furniture, is a service-oriented family owned business. The Howard Liveright Memorial award honors prominent members of the furniture industry for distinguished service.

The final presentation was made to Jeffrey Katz, general manager of The Fulton Stores, chosen as the recipient of the 2010 Jerry Gans Memorial Award that honors prominent members of the furniture industry for distinguished service. Jeff was introduced by Andy Gans. The Fulton Stores operates in Brooklyn, Queens and the Bronx, NY, offering high quality furniture, a vast array of styles, and excellent value.

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