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From Home Furnishing Business

Larry Norris Knows His Furniture

When Larry Norris walks through a condominium at The Landings that needs to be redecorated, he recognizes the furniture that's been there 25 years or more.

Not just the style or era of the furniture - he recognizes the actual pieces. That's because Norris, 71, who with his wife Renee runs Norris Home Furnishings, opened his first store 30 years ago.

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Source: News-Press.com

 

BrandSource Seeks More Appeal to Younger Shoppers

BrandsourceRetail merchandising group BrandSource is expanding its home furnishings assortment to appeal to younger, first-time home buyers.

Tuesday Morning Abandons E-Commerce

Tuesday Morning, a close out retailer specializing in home-related name brand gifts, home furnishings, housewares and more, announced on its Web site that it will no longer be selling merchandise online. The company stated that the nature of the closeout business and focus on the "treasure hunt" in stores was the reason for the change.

After announcing a net loss of $21.5 million for its second quarter ended December 31, 2012, Brady Churches, Tuesday Morning president and CEO, stated that the 850 brick and mortar store company should anticipate "a major revitalization across every facet of our operations."

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Source: Homeworld Business


Ikea's Growth Strategy

Self-help is not a way of saving labor in Ikea's style of warehouse stores. The concept of customers helping themselves to their merchandise reflects the retailer's southern Swedish roots of team effort in order to reduce the costs, self-reliance and reduction of unnecessary frills.

The global home furnishings retailer founded by 87-year-old Ingvar Kamprad has united disparate cultures worldwide with one cleanly designed aesthetic for furniture. This aesthetic also is applied to the multitude of other accessories that the company produces for itself or under exclusive arrangements with other companies that it may own. 

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Source: Retail Merchandiser

Flexsteel Posts Annual Net Income of $13.2M

Furniture supplier Flexsteel Inds. (NASDAQ: FLXS) reported net income of $13.2 million for the year ended June 30, compared to $13.1 million for the same period last year.

Furnitureland South to Open Hi-Tech Design Center

Furnitureland South is set to open a state-of-the-art Design Center with sophisticated new high-tech tools and unique high end-styled, spa-inspired services.

ICFA Recognizes Manufacturer Leadership

The International Casual Furnishings Association has named its 2013 Manufacturer Leadership Award winners.

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