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Ashley Furniture to Expand Operation in Vietnam

Ashley Furniture Industries CEO Todd Wanek  is in Ho Chi Minh City to discuss the possibility of opening another factory in the southern province of Binh Duong.

He has met and worked with Pho Xinh CEO Duong Quoc Nam on a new plan for bilateral cooperation. The two companies recently signed in the U.S. a memorandum of understanding (MoU) on joint investment cooperation worth $10 million in July.

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Source: Bao Moi.com

Report: Furniture Brands Weighs Alternatives

Troubled furniture maker Furniture Brands has tapped restructuring lawyers and advisers to examine options to deal with its debt load, including the possibility of bankruptcy, according to a news report.

News reports say the advisers are examining several alternatives and the situation is still fluid, according to unnamed sources familiar with the matter.

Clayton-based Furniture Brands did not immediately respond to a request for comment.

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Source: STLtoday.com

 

Therapedic Enters India Market

Therapedic Enters India MarketTherapedic International will enter the fast-growing India market through a licensing deal with a leading sleep products retailer based in Bangalore.

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.

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

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.

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