Archive for January, 2010
January 31st, 2010 at 07:00am
Under Furniture News
The new ChiliBed Mattress from Chili Technology will make it’s debut at the 2010 Winter Las Vegas Market. The mattress is made of a natural foam produced from 100 percent Soy foam and has the Chili Technology embedded into the mattress that will allow users to adjust the temperature of their bed from 48 to 118 degrees for customized comfort.
“You no longer have to fight with temperature at night,” said Todd Youngblood, CEO and co-founder Chili Technology. “ChiliBed solves the problem of heat build-up, one of the primary complaints people have about memory foam mattresses. Our proprietary Chili Technology cools and warms the ChiliBed from 48-118 degrees offering unparalleled temperature control, body support and pressure relief. ChiliBed reacts immediately to your body and conforms to your exact shape. Look no further for better more restful sleep.”
With the ChiliBed consumers can be eco-friendly in the bedroom. And, the memory foam soy mattress can be temperature controlled to provide relief from pressure and the maximum in comfort. The foam will adjust on weight instead of body temperature which allows each user to be comfortable. The 11 inch thick mattress will be available in all of the standard mattress sizes.
By slone
January 30th, 2010 at 10:59pm
Under Furniture News
The Furniture First Buying Group recently announced that it has finalized the plans for the Las Vegas General Membership Meeting. The meeting will be heald on February 1 from 4:30 p.m. until 6:30 p.m. on the 16th floor of Building B in World View.
The meeting will provide information about the membership Schedule of Events, updates on Merchandising and Marketing vendors, programs and specials and to welcome new members. There will be several guest speakers including Bryan Edwards, Sondra Newkirk and John McCloskey.
The staff of Furniture First will be in the B-962 showroom throughout the week to talk with current and prospective members. All current members are invited to attend educational seminars that have been arranged by the Furniture First Buying Group. And, there will be an Accessory Merchandising Workshop that is geared towards developing strategies that can help retailers increase their accessory and accent sales.
By slone
January 26th, 2010 at 12:00am
Under Furniture News
If you can’t attend the Las Vegas Market but don’t want to miss the festivities, you can watch them via a video broadcast every day. Furniture Today will be featuring the video broadcasts that will be shown every day from February 1 through 4.
The shows will feature reports and interviews with retailers and manufacturers hosted by Ray Allegrezza, editor and Chief. The special video broadcasts will be sponsored by the Las Vegas Market. You can follow the exclusive coverage of the Las Vegas Market on Furniture Today’s Las Vegas Market channel page.
By slone
January 25th, 2010 at 07:00am
Under Furniture News
La-Z-Boy recently announced that it will merge the division of Hammary Furniture into two sister companies, American Drew and Lea. Officials said that the consolidation of the company will start in March and be in full effect by the end of April.
Hammary specializes in bedroom and dining room furniture and occasional pieces. The merger will place most of La-Z-Boy’s case goods under the control of one management team. Lea focuses on bedroom furniture for youths and American Drew focuses mainly on bedroom furniture. As of now, no decision has been reached on which executives will be heading the merged companies.
By slone
January 24th, 2010 at 07:00am
Under Furniture News
Moosehead Furniture, a case goods manufacturer managed to keep from shutting down by filing Chapter 11 bankruptcy. Several prospective buyers were standing by anticipating an auction of the equipment to begin when the filing gave the company a last minute reprieve.
There were around 200 people, some with long trailers and trucks waiting for an auction to begin in the parking lot. And, some had even traveled across country in hopes of getting a bargain. The auction company was notified by phone that the shutdown had been canceled.
This marked the second time that Moosehead Furniture was scheduled to close. In 2007, a small group of investors purchased the company after the family that had owned it for 60 years announced that it would close because of the competition from imports with lower prices.
By slone
January 23rd, 2010 at 10:02pm
Under Furniture News
More and more designers are creating styles that reflect the tastes of young consumers. The fast growing “Tween” market includes kids up to 18 years of age and beyond. To cater to this market, Chromcraft Revington Inc. will debut a new line at the Las Vegas Market.
The CR Kids and Beyond line covers a variety of styles from Country French to Rustic and Cottage to Contemporary. The collection will be featured in Chromcraft’s 13th floor showroom in Building B. Dressers in the new line will be priced from $399 to $599 and headboards, bunks and beds will be priced from $199 to $999.
While the “Tween” market generally focuses on children that range from 8 to 12, Chromcraft is designing the new line to be used beyond the adolescent years. At the same time, Chromcraft hopes the line will go beyond parents expectations in quality, functionality and value.
By slone
January 22nd, 2010 at 07:00am
Under Furniture News
With help from an increase in domestic business, Sealy a major bedding manufacturer recorded a fourth quarter profit of $2.6 million. The profit is the result of a 1.9 percent increase in sales and an increase from $325.8 million from last year, to $332.1 million in sales for this years same quarter.
The company credits much of the profit margin to the domestic net sales, which excludes any third party sales from the companies components factories. While the unit volume was up 7.9 percent, the average selling price per unit decreased 0.6 percent.
By slone
January 21st, 2010 at 07:00am
Under Furniture News
Furniture Brands International recently announced that it expects the companies sales for the fourth quarter to fall between $280 to $290 million. That estimated amount is from 28 to 30 percent below the sales in the same quarter for 2008.
The company stated that the complete financial report will be released on February 3 and it expects to have a positive cash flow for the entire year. However, those expectations exclude the effects that tax refunds and debt payments has had.
At the end of 2009, the company had around $83 million in cash and about $95 million in debt. And, while 2008 ended with the company having more cash, $106.6 million, it also ended with a larger debt of $190 million. According to Thomson Reuters, the sales for 2010 fell below the estimated $312.5 million.
By slone
January 20th, 2010 at 07:00am
Under Furniture News
Attendees in the city council chambers broke into applause as the council voted against a proposed market overlay district zoning. The zoning would have created a boundary that would be centered on the showrooms in downtown High Point. The proposed issue had drawn the fire of numerous building owners that feared if they were left outside the zone their property values would fall.
The city had originally planned to vote on alternative plans that would have increased the size of the district from the initial 249 acres. The new proposal would have included several properties that were not in the original plan and it also included a growth area were new showrooms would need to be built.
The main goal of the proposed zoning was to open areas outside the boundary so that they could be used for purposes other than showrooms. While existing showrooms located outside the district already in use would have been included, they would have lost that status if they remained unoccupied by tenants for four consecutive markets.
By slone
January 18th, 2010 at 07:00am
Under Furniture News
As sustainability becomes even more important, the American Society of Furniture Designers has decided to recognize sustainable furnishings with a new Pinnacle Design Achievement Award. The award will be given for excellence in the design of green home furnishings has not yet been named.
Before they are presented to the judges, entries will have to go through the Sustainable Furnishings Council. There is a wide spectrum of categories that are likely to include features such as the wood used, the finishes, textiles, leathers, glass and plastic content and several other things such as cushioning.
Along with meeting sustainability standards, the pieces must all be well designed and a good value. The deadline for this year’s entries hasn’t yet been decided, but winners will be announced at the High Point fall market. The Pinnacle Design Achievement Awards were established in 1995 to encourage recognition of design quality and furniture designers.
By slone
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