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From Home Furnishing Business

Abbyson Teams with IDS for Fashion Forward Interiors Event at Market

Home furnishings resource Abbyson has teamed up with the Interior Design Society (IDS) to present Fashion Forward Interiors: A Trend + Color Forecast. The lunch and learn event is slated for Monday, April 24, inside Abbyson’s new showroom C1156 in IHFC during the High Point Spring Market, April 22-26.

Axalta to Buy Valspar’s Wood Coatings Business

Sherwin-Williams and Valspar (NYSE: VAL), whose proposed merger has raised concerns from the Federal Trade Commission, announced that Valspar has agreed to sell its North American industrial wood coatings business to Axalta Coatings Systems (NYSE: AXTA) for about $420 million in cash. 

Boston Interiors Continues Expansion

Boston Interiors has unveiled plans for a second new store in 2017, a move that will give the retailer nine locations in Massachusetts and New Hampshire by the end of the year.

Rent-A-Center Taps Speese as CEO; Activist Funds Slam Turnaround Plan

Rent-A-Center (NASDAQ: RCII), the struggling rent-to-own operator, said it has named interim CEO Mark Speese as permanent CEO, and unveiled a strategic plan aimed at driving growth, restoring profitability, and boosting its sagging stock price.

Kimbrell Resigns as Star Furniture CEO; Blumkin Named to Board

Houston-based Star Furniture said Bill Kimbrell has resigned as CEO after 12 years at the helm of the 11-store retailer.  

Kincaid Adds 74 Dealers to Kincaid Shoppe Program

Solid wood case goods and custom upholstery recourse Kincaid has added 74 retailers to its Kincaid Shoppe format this year, and the company said it will continue to seek additional dealers for the interactive, in-store program.

Drexel Rebrands as Contemporary Line; Drops ‘Heritage’ from Name

Drexel Heritage, which has been known for its traditional collections for decades, is repositioning itself as a contemporary brand and will unveil two major collections and a custom upholstery program at this month’s High Point Market that reflect the rebranding.

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