Daily News Archive
Brought to you by Home Furnishings Business
November 17,
2010 by in UnCategorized 
By Home Furnishings Business in Special Events on November 18, 2010
John Vaughan, former chairman, CEO and president of Vaughan Furniture Co., has received the American Home Furnishings Alliance's Distinguished Service Award.
Vaughan was honored Friday at AHFA's 2010 Annual Meeting at the Sanctuary on Camelback Mountain in Scottsdale, Ariz., Nov. 12.
Vaughan, who also served as chairman and CEO of Webb Furniture Enterprises, was lauded as a "civic-minded industrialist." He is the son of Senator Taylor G. Vaughan Sr., who founded Vaughan Furniture Co.; and the grandson of J.D. Bassett Sr., founder of Bassett Furniture.
He is considered one of the industrys most esteemed advisors and is known for his exceptional leadership in running one of the most respected wood furniture operations, said Farooq Kathwari, chairman, CEO and president of Ethan Allen, in presenting the award.
Vaughan joined Vaughan Furniture in 1954. By 1964, the company's orders had doubled, and so had the manufacturing space. In the years that followed, he and his brother, George, guided the company through the construction of three factories and the acquisition of three additional facilities, making it one of the top 30 residential manufacturers in the United States at that time.
His motto, "If its not right, its wrong," still reigns at Vaughan Furniture.
"A man of honesty, strong compassion and incomparable values, he placed weighty importance on building strong partnerships with the company's dealers," Kathwari said.
Vaughan's furniture industry contributions include serving on the board of the former Southern Furniture Manufacturers Association and as president and chairman of the board of the American Furniture Manufacturers Association. He was a strong supporter of the International Home Furnishings Marketing Association and has served on the advisory board of the N.C. State School of Engineering, the American Furniture Hall of Fame and The Furniture Foundation. In 2000, he was inducted into the American Furniture Hall of Fame.
In the community, Vaughan served one term as mayor of Galax and many years on the Galax City Council. He served on the boards of Twin City Memorial Hospital, United Way, Boy Scouts of America, Oak Hill Academy and Galax Horse Shows. He also chaired the Galax Foundation for Excellence in Education, which provided more than $1 million college scholarships for local high school graduates.
November 17,
2010 by in UnCategorized
By Home Furnishings Business in Display on November 18, 2010
A new 5,400-square-foot Palliser Furniture gallery opened last month at Furnitureland South, the world's largest furniture retail showroom.
The gallery at the retailer's Jamestown, N.C., store highlights Palliser's new brand campaign, "My Home, My Style, My Way"; and is outfitted with the new Palliser retail sales system, which includes branding screens and panels, featuring dramatic lifestyle imagery.
"To place one of our first new galleries at Furnitureland South is a great opportunity and honor for Palliser," said Cary Benson, president, sales and marketing, for Palliser Furniture, Winnipeg, Manitoba. "We very much value their confidence in our approach and look forward to a strong future together."
The new Palliser gallery concept is designed to communicate different lifestyles: Metro, Suburban and Retreat. Creating these lifestyle vignettes allows consumers to connect with the Palliser brand emotionally. The photographic images are dramatic black and white, up close, tight crops of different components relative to each lifestyle.
The features a wide-product selection. Furnitureland South offers signature Palliser sofas, sectionals, chairs and select motion products as well. All of Palliser's products are made in North America and delivered in five weeks.
Since the gallerys opening only a month ago, both Palliser and Furnitureland South have been pleased with the amount of written business.
November 17,
2010 by in UnCategorized
By Home Furnishings Business in Executive Changes on November 18, 2010
Bob Duncan, CEO of
American Leather, was elected 2011 chairman of the
American Home Furnishings Alliance during the organizations annual meeting at the
Sanctuary on Camelback Mountain in Scottsdale, Ariz.
Jeff Cook, president of
Broyhill Furniture, has moved to first vice chairman. Wyatt Bassett, president/CEO of
Vaughan-Bassett Furniture, was elected second vice chairman.
John Bray, CEO of
Vanguard Furniture, has moved to immediate past-chairman of the AHFA board of directors. The officers assume their new posts Jan. 1.
Members newly elected to serve three-year terms on the AHFA board include: Joe Johnston,
Johnston Casuals; Bill Wittenberg,
Klaussner; Kevin OConner,
Samson Marketing; Steve Lehman,
Smith Brothers of Berne; and Harvey Hollingsworth,
The Natural Light.
November 17,
2010 by in UnCategorized
By Home Furnishings Business in Financial Reports on November 18, 2010
Full-line furniture vendor Chromcraft Revington (AMEX:CRC) announced third-quarter 2010 sales of $13.8 million, a 13.9 percent drop from the prior year.
Chromcraft lost $1.93 million for the three months ended Oct. 2, compared with a net loss of $979,000 in third-quarter 2009.
Sales for the first nine months of 2010 of $41.7 million fell 11.8 percent from $47.28 million for the first nine months of 2009. Net loss through third-quarter 2010 was $4.26 million, compared with a net loss of $6.59 million at the same point in 2009.
"We believe the restructuring and cost containment actions implemented starting in 2008 have had a positive impact on the results for the first nine months of 2010 and helped reduce the effects of the economic downturn," said Chromcraft Revington Chairman and CEO Ronald Butler. "The fourth quarter of 2010 appears to be a continuation of the challenging economic environment for consumers. We continue to believe that when the furniture market improves, the company is well positioned to return to profitability."
November 17,
2010 by in UnCategorized
By Home Furnishings Business in Business Strategy on November 18, 2010
Gormans Home Furnishings and Interior Design was recently named as a Top Workplace in Michigan by the
Detroit Free Press newspaper.
More than 203 companies from across southeast Michigan participated in the newspaper's survey. Companies were evaluated on revenue, incentives offered and number of employees. The retailer was featured in a special section of the Detroit Free Press Sunday.
Gormans has about 120 employees at its four showrooms and a warehouse throughout metro Detroit. Employees cite strong management support, challenging work, ample opportunity and scheduling flexibility as among the reason they believe Gormans offers an exemplary place to work.
Its the work of outstanding employees that make an outstanding company, said Tom Lias, president and COO of Gormans. Were excited about the talented people we have on staff and are proud that many members of the Gormans family have been with us for decades. We believe in supporting and rewarding quality work and dedication.