October 30,
2013 by in Business Strategy, Furniture Retailing, Industry, Retail Closing
Sears Canada is closing five of its stores, including its Toronto flagship, as part of a $400-million deal. The retailer plans to sell leases of the five stores to a mall operator.
October 30,
2013 by in Business Strategy, Furniture Retailing, Industry
Home furnishings retailer Restoration Hardware will open a $22 million, 865,000-square-foot distribution and call center in Grand Prairie, Texas, today. The facility will serve as the company's Southwest regional distribution hub and fulfillment center.
October 29,
2013 by in Business Strategy, Furniture Retailing, Industry
Target announced Monday that it will open 33 more stores in Canada next month, bringing the total number of Canadian stores opened this year to 124.
October 28,
2013 by in Business Strategy, Industry
There is the RH catalog or "source book," thicker than the September issue of Vogue. There is the hillside home in Belvedere, where everything is beautiful, symmetrical and in pairs - right down to the framed pictures of twin daughters. Then there is the man behind the catalog and home, Restoration Hardware's poster boy and creative force himself, Gary Friedman, 56, in a T-shirt, artfully distressed jeans, belt, boots and leather wristbands.
October 25,
2013 by in Business Strategy, Industry, Product, Upholstery
Upholstered furniture supplier England Inc. is marking its 50th anniversary by expanding its New Tazewell, Tenn., factory. The expansion will add 300 employees over the next five years.
October 24,
2013 by in Business Strategy, Industry
Retailer Nebraska Furniture Mart of Texas has topped out its 1.86 million-square-foot facility in The Colony, Texas. The 1.3 million-square-foot distribution center and the 560,000-square-foot furniture showroom will become the largest home furnishings store in the U.S. upon completion in the spring of 2015.
October 22,
2013 by in Business Strategy, Furniture Retailing, Industry
For the past decade, Art Van Elslander, one of the most powerful furniture retailers in the Midwest, stood by as a parade of storied Chicago chains, including John M. Smyth Co., Wickes Furniture Co. and Plunkett Furniture Co., nosedived into oblivion.