October 18,
2016 by Jane Chero in Business Strategy, Industry
The Furniture First Board of Directors has approved Choice Furniture in Plattsburgh, N.Y., as the newest member of the cooperative buying group.
October 17,
2016 by Jane Chero in Business Strategy, Industry
Hedge fund Alden Global Capital, which recently accumulated a 9.5% stake in retailer Pier 1 Imports (PIR), has sent the company a letter requesting immediate representation on the Pier 1 board of directors and criticizing the company for poor operating performance and a “laissez-faire approach to board responsibilities.”
October 12,
2016 by Jane Chero in Business Strategy, Carpets / Rugs, Designer Weekly, Industry, Product
Capel Rugs is introducing three new collections to its licensed Biltmore® rug program during the High Point Market with Biltmore ticket giveaways, a wine-and-cheesecake party, special discounts and a variety of market amenities in its showroom at Market Square, Space 112.
October 12,
2016 by Jane Chero in Business Strategy, Industry
Ashley Furniture dedicated a new technology center in its hometown of Arcadia, Wis., this week, completing the first phase of renovations to a former community hospital and chapel.
October 12,
2016 by Jane Chero in Business Strategy, Industry
Full-line importer Abbyson Living has opened a company-exclusive upholstery factory in Shanghai that encompasses more than 3 million square feet and includes 20 assembly lines.
October 12,
2016 by Jane Chero in Business Strategy, Industry
Italian mattress producer Magniflex has opened a warehouse in Los Angeles to better serve its rapidly-growing customer base on the West Coast.
October 11,
2016 by Jane Chero in Business Strategy, Industry
Norwalk Furniture is partnering with Company C, a producer of upholstery, pillows, rugs and top-of-bed products, for a collection of lifestyle products that bring together the design expertise of the two companies.