Daily News
From Home Furnishing Business
August 19,
2013 by in Economic News, Industry 
U.S. consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.
The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment slipped to 80.0 from 85.1 in July, the highest since July 2007.
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Source: CNBC
August 16,
2013 by in Market, Tupelo
A 99-year-old Alabama furniture company won the 49th National Buyer Appreciation Award Thursday at the Tupelo Furniture Market.
Hainje Home Furnishers, with four stores, is a $5 million to $6 million retailer that has attended the Tupelo market since its start 26 years ago. Company president Mark Godwin said Tupelo "has been our market."
"We find the widest assortment of furniture here," he said.
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Source: Daily Journal
August 16,
2013 by in Business Strategy, Industry
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
August 16,
2013 by in Business Strategy, Industry
Retail merchandising group BrandSource is expanding its home furnishings assortment to appeal to younger, first-time home buyers.
August 16,
2013 by in Industry, Web Retail
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
August 16,
2013 by in Business Strategy, Customer Service, Industry
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
August 15,
2013 by in Financial Reports, Industry
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.