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Godinger to Open Forty One Madison Showroom

41Madison

NEW YORK–The Godinger Group has signed a long-term lease with New York permanent showroom building Forty One Madison, where it will occupy roughly 13,000 square feet on the 27th floor. About 70 percent of the showroom will be used by Godinger and the remaining 30 percent will be filled by Home Essentials. Forty One MadisonMore »

Last updated: October 30, 2014

hhgregg Posts $10.4 Million Q2 Loss

hhgregg

INDIANAPOLIS-Due to a double-digit drop in sales, hhgregg’s fiscal second quarter produced a net loss of $10.4 million, compared to net income of $3.7 million in last year’s second quarter. Net sales in the quarter, which ended on Sept. 30, totaled $505.9 million, down 11 percent from last year and including a drop of 11.4More »

Last updated: October 30, 2014

Hamilton Beach Q3 Net Falls 19.1 Percent

Hamilton Beach

CLEVELAND-The absence of a pretax benefit, which was included in last year’s third quarter, led Hamilton Beach to a 19.1 percent decrease in third-quarter net income this year, to $6 million. The benefit in last year’s third quarter was related to a commitment by a third party (unnamed in a statement by NACCO Industries, HamiltonMore »

Last updated: October 30, 2014

Las Vegas Market Adds Summer Classics

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LAS VEGAS–Casual furniture manufacturer Summer Classics has signed a long-term lease for a 13,500-square-foot permanent showroom at the Las Vegas Market starting in August 2015, in concert with the launch of two dedicated floors of casual/outdoor products. “Las Vegas Market gives us an ideal opportunity to grow our business,” said CEO William “Bew” White III.More »

Last updated: October 30, 2014

AmericasMart Enhances January Markets

AmericasMartBldg1ent

ATLANTA–This January, the AmericasMart campus will have an enhanced experience for attendees, including a new Designer Workspace, a new Floor 6 bridge between buildings 1 and 2, and a new cafe in Building 2. These enhancements, along with strategic expansions in key product categories, will be seen at the Atlanta International Gift and Home FurnishingsMore »

Last updated: October 30, 2014

CIT: Middle-Market Execs More Optimistic

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NEW YORK-Middle-market executives have a positive outlook for their businesses, according to CIT Group’s annual “Voice of the Middle Market” study. Sixty-three percent of the executives who responded to CIT’s survey said their companies are better off now than they were last year, while 62 percent expect to increase the size of their work forcesMore »

Last updated: October 30, 2014

Consumer Confidence Rises; Holiday Shoppers Likely to Spend More

Conference Board

NEW YORK-Two studies point to a healthy holiday shopping season this year. The consumer confidence index, which had fallen in September, rebounded by rising 5.5 points to 94.5 in October, according to The Conference Board, which compiles the monthly indicator. Also, a survey by Deloitte found that shoppers are optimistic about the U.S. economy andMore »

Last updated: October 29, 2014

Ikea Picks New Head of Canada Operation

IKEA

BURLINGTON, Ontario-Stefan Sjöstrand has been named president of Ikea’s Canadian organization. Sjöstrand is a company veteran, having been with the home furnishings retailer for the last eight years. Most recently, he served as senior vice president of Ikea France. He began his new role leading the Canadian operation in September. Sjöstrand began his career withMore »

Last updated: October 29, 2014