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From Home Furnishing Business

Turkish Furniture Producers Sign High Point Showroom Lease

Following a successful “test drive” at the April High Point Market, a group of Turkish furniture manufacturers has signed a three-year lease on a permanent showroom that will be open for this week’s market.

Ethan Allen Sees Lower Profits Due to Disney Launch, Higher Ad Spending

Ethan Allen (ETH) said it expects to report lower earnings for the quarter ended Sept. 30 due largely to higher advertising costs and expenses related to the upcoming launch of its Ethan Allen/Disney line.

Bob’s Breaks Ground for New Connecticut Headquarters

Bob’s Discount Furniture broke ground Monday for its new corporate headquarters in Manchester, Conn., marking the official start of construction on the 103,000-square-foot building.

Protect-A-Bed Names Lineal to New Marketing Post

Protect-A-Bed, a supplier of mattress protectors, encasements and related bedding products, announced the hiring of Kara Lineal vice president of marketing.

Choice Furniture Becomes Furniture First Member

The Furniture First Board of Directors has approved Choice Furniture in Plattsburgh, N.Y., as the newest member of the cooperative buying group.

Pier 1 Investor Seeks Immediate Changes to Board

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.”

Capel Celebrates Three New Biltmore Additions

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.

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