November 15,
2010 by in UnCategorized 
By Aggregated Content in Bankruptcy on November 16, 2010
from http://c.moreover.com/click/here.pl?z3737317618&z=1150248697
Lacks Home Furnishings is closing its doors across the state, including three stores in East Texas. It announced Monday it is filing chapter 11 bankruptcy protection.
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November 15,
2010 by in UnCategorized
By Aggregated Content in Obituaries on November 16, 2010
from http://c.moreover.com/click/here.pl?z3740175868&z=1150248697
Williams-Sonoma, Inc.'s Chairman Emeritus W. Howard Lester lost his battle with cancer Monday, reports Market Watch. Lester, 75, was Williams-Sonoma's chairman and CEO from 1978 to May 2010.
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November 15,
2010 by in UnCategorized
By Aggregated Content in Financial Reports on November 16, 2010
from http://c.moreover.com/click/here.pl?z3739802900&z=1150248697
Ethan Allen Interiors Inc. announced a regular quarterly cash divided of $0.05 per share payable to shareholders of record as of Jan. 10 and will be paid Jan. 25.
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November 15,
2010 by in UnCategorized
By Home Furnishings Business in Bedding on November 16, 2010
Bedding supplier International Bedding has reorganized and expanded its operations group with several new appointments and promotions.
Were preparing for the future by broadening our capabilities on the operations side, while at the same time focusing our staff on more specific functions and opportunities, said Dan Hige, president and COO.
IB has promoted Bruce Miller from vice president of logistics and continuous improvementthe job he has held since 2008to the newly created position of vice president of strategic implementation. In his new post, Miller oversees domestic and international initiatives for the company that involve logisitics, supply and continuous improvement. He reports to Hige.
With new responsibility for the day-to-day operations of IBs five production facilities, Ed Wolff has been promoted to vice president of manufacturing. He also reports to Hige. Along with managing IBs factories, Wolff will team with sales and operations on product development projects. He joined IB in 2007 as operations manager of the companys largest factory in Pennsylvania.
Succeeding Wolff in his former position is IBs Steve Boucher, who was promoted from plant manager to operations manager at the Pennsylvania facility. Both Miller and Wolff assume Higes former responsibilities as vice president of manufacturing, as well as the expanded functions in their respective posts.
In another executive appointment, IB has named Andy Cuppia to the newly created position of vice president of product development and operations, reporting to Wolff.
Cuppia, who holds certifications in lean manufacturing, will oversee operations at IBs Arizona factory, in addition to heading up the companys product development function. Prior to joining IB, Cuppia held corporate vice president of operations positions during the years 1998 to 2006 at Simmons,
Serta and
Spring Air Co. Most recently he was vice president of
Global Supply Chain Partners, a Georgia-based consultancy.
Reporting to Cuppia is Jonathan Munoz, who has been promoted from assistant plant manager to plant manager of the companys Arizona facility. Munoz joined IB in 2006.
Were very excited about the promotions and new positions in our operations group, Hige said. These changes strengthen the entire team, leverage the skills and talents of each individual, and enable us to move forward more quickly with our strategic plans.
November 15,
2010 by in UnCategorized
By Home Furnishings Business in Furniture Retailing on November 16, 2010
Texas furniture retailer Lacks Valley Stores received a flood of calls and e-mails this week after Lacks Home Furnishings announced it would close 36 Texas stores.
Lacks Valley Stores, McAllen, Texas, a family-owned furniture operation with ten stores throughout the Lower Rio Grande Valley and Laredo, has been forced to respond to countless inquiries from customers and suppliers following Victoria, Texas-based Lacks Home Furnishings' announcement. As a result, the management team at Lacks Valley Stores is stressing to customers and vendors its business is healthy and strong; and Lacks Valley Stores has no business ties to Lack's Stores, Inc. of Victoria, Texas.
"We're celebrating 75 years in South Texas," says Lacks Valley Stores' CEO Lee Aaronson. "Thousands of families have shopped in our stores."
Its stores are located on the Texas border from Laredo to Port Isabel, including locations in Brownsville, Harlingen, Edinburgh, Pharr, McAllen, Mission and Rio Grande City; and the 140,000-square-foot Lacks Valley Store in McAllen.