July 30th, 2010 at 07:00am
Under Furniture News
Furniture factory orders in the United States rose 10 percent in May from last years totals. This represents the seventh month in a row that the industry has experienced positive sales. However, the first five months of 2009, orders declined 21 percent from 2008 which indicates that the industry still hasn’t fully overcome the recession.
“Admittedly, the results were compared with very weak numbers in 2009, but these results seem to indicate that 2009 appeared to be the bottom of the recession for our participants,” said Ken Smith, managing partner of the accounting and consulting firm, which surveys residential furniture factories each month.
The firm reported that 71 percent of those that participated in the survey reported that year to date sales had been increasing.
By MCC
July 29th, 2010 at 11:33pm
Under Medical Furniture
A dual fusion computer cart can add versatility and mobility to any medical environment. It will allow you to combine two computers into one compact unit and take them any where you need to go. And, computer carts can give you the added benefits of ergonomics. It’s an ideal solution for any medical environment, but it’s also great for any area where you need to be mobile.
Dual computer carts allow you to securely attach two monitors and two CPU’s. You can independently adjust each monitor to get the perfect position. The monitors can be viewed in either landscape or portrait positions and they can be tilted for better viewing or to reduce glare. The height of the units can also be adjusted for each individual user.
When you are shopping for any computer cart it’s important to choose one that has H-base. An H-base is the most stable design you can find. It will keep the unit balanced when it is in motion. Another handy feature is a push handle that will allow you to move the cart and guide it in any direction. Another important feature is locking casters that will glide smoothly. Casters that don’t feature a lock can allow the cart to move while in use.
By MCC
July 28th, 2010 at 07:00am
Under Furniture News
Becker Furniture Store will be opening a new store in October that will be replacing a store in Burnsville, Minn. that will be closing the end of August. The Becker Furniture Liquidation Superstore will be closed on the 29th and will be replaced by a new 40,000 square foot location.
The Becker, Minnesota based retailer is reportedly spending around $2 million to open a satellite store located in the Burnsville Crossing shopping center. According to the Burnsville city website, the city ranks as the seventh largest city in Minnesota for retail sales volume.
Contrary to what was first reported, a Becker official said that the new store will be in a newly renovated space, not in a former PetSmart space. The new project is slated to include a freestanding Becker Mattress store.
By MCC
July 27th, 2010 at 07:00am
Under Furniture News
Acme Furniture, a upholstery and case goods resource announced that they would be moving into a larger showroom at next months Las Vegas Market. The company will move to a location with around 23,000 square feet of space at C-1201 in the World Market Center.
Previously, Acme occupied a space in WMC A-826 that consisted of 18,000 square feet. They also announced that they would be leasing around 8,000 square feet in a separate location in Building C on the 11th floor. However, no space number has been set for that location.
The space on the 12th floor will be devoted to the company’s best sellers and new products in their existing line. The space on the 11th floor will be featuring Acme’s other existing merchandise. During the show, Acme Furniture will be introducing a number of new bedroom sets and casual and formal dining room sets.
By MCC
July 25th, 2010 at 07:00am
Under Furniture News
If you are interested in viewing video coverage from the August 2010 Las Vegas Market, you can visit Furniture/Today’s website. Video reports will begin on opening day, August 2 and new ones will be posted each day. The videos will be posted courtesy of the World Market Center Las Vegas. You can watch all the updates at www.furnituretoday.com/video.
By MCC
July 24th, 2010 at 07:00am
Under Furniture News
Leggett & Platt, components supplier reported a second quarter rise in sales of 15.4 percent. This year’s second quarter profits were more than twice what the company’s profits were the same time last year. The company saw increases in all four of their business segments, including their largest segment, residential furnishings which rose 8.8 percent.
“We are encouraged to see continued sales growth,” said David Haffner, president and CEO. “This quarter’s 15% growth, and the associated higher capacity utilization, led to meaningful earnings improvement.Near term, growth should significantly exceed our 4-5% long-term goal as the economy recovers,” said Haffner. “With our excess production capacity, sales can rebound approximately 25%-33% (to $4 billion or more) before we anticipate the need for significant capital investment.”
The sales for the second quarter which ended on June 30 totaled $874.3 million. That total is up from the same time last year when the total was $757.4 million. The first six months of the year brought the company $891.8 million in sales.
By MCC
July 23rd, 2010 at 11:40pm
Under Furniture News
The operators of five North Carolina Ashley Furniture HomeStores have announced that they filed for Chapter 11 in Florida to force a store that has been locked down by a landlord to be reopened. However, they did not identify which landlord had padlocked the location or which one of the five stores was locked down.
“We were trying to renegotiate a lease we could live with long-term,” Hudson said, but the landlord locked the store on Tuesday. Hudson and Hodge say their attorney believes it’s a case of “improper termination of lease,” and that the Chapter 11 filing will enable them to get back to business at the showroom.
Last month, Hodge and Hudson announced that they would be closing the Durham and Goldsboro, North Carolina location with plans to relocate to a better area in the Durham area and maybe open a new format at the Goldsboro location. While this still hasn’t happened, the plan is still in the works.
By MCC
July 22nd, 2010 at 11:37pm
Under Furniture News
Bailey Street, a accent furnishings source will be introducing their upholstery and case goods line of the Mirador brand at the Las Vegas Market. The premier will be in partnership with Welton USA, the manufacturer. The new line will be promotionally priced and will be warehoused in Dallas, Texas available for immediate shipment.
The Mirador brand, manufactured by Welton in Asia will be on display in its own showroom at the World Market Center in space A-488. Bailey Street will be located in their usual showroom in A-455. With this new case goods line Welton USA and Bailey Street hope to reach a wider base of customers. Distribution for Welton has traditionally been directly to large furniture stores in the United States.
While Bailey Street reaches some of the larger furniture stores, it also sells to many small independent retailers. The Mirador line has around 50 groups in both transitional and traditional styles. The products include home entertainment, casual dining, occasional groups and sofas. The lines dining products begin at around $599 for a five piece set and a leather sofa and love seat will start around $999.
By MCC
July 21st, 2010 at 09:34pm
Under Furniture News
Tempur-Pedic bedding manufacturer reported second quarter profits that almost doubled last year’s profits. The company’s sales jumped over 42 percent as compared to the second quarter for 2009. Tempur-Pedic specializes in visco elastic foam pillows and mattresses. The company saw a large increase in gross margin and also raised its sales and earnings guidance for this year.
“We are very pleased with the continued substantial growth in our North American business and we are also pleased with the improved performance of our international business, particularly on a local currency basis,” said CEO Mark Sarvary. “Our focus on improving gross margins and operating costs continues to be effective.”
Global sales totaled $263 million for the quarter, an increase from $185.2 million in last years second quarter. Tempur-Pedics net income was $33.5 million up from $16.9 million last year. The company’s worldwide sales for the first six months of this year were at $516.9 million.
By MCC
July 18th, 2010 at 07:00am
Under Furniture News
Smith Leonard reports that the United States factory orders for residential furniture rose 12 percent in April 2010 from the same time last year. This represents a growth for six consecutive months. Smith Leonard, an accounting firm reported that 73 percent of the participants reported gains. Some of the gains were fairly significant reaching double digits.
The spring High Point Market may be partially responsible for this years gains. Aprils order backlog increased 44 percent from last year, but orders are expected to catch up to shipments in the next few months. Shipments rose 6 percent in April from last years total and the year to date totals are at 5 percent.
By MCC
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