Bernhardt Furniture Sale 376-556 Featuring the perfect balance of design and comfort, this Park West Pierced Back Arm Chair will fit beautifully into any home decor. With an attractive tan colored upholstered seat, this cozy arm chair will be a wonderful addition to any dining room, and is sure to infuse style into your home. Features: Features: Read more »
In its mission to develop strong Asia-based operations and build a supply chain and logistics operation, Furniture Brands International Inc. announced Monday it has established its Asian headquarters and made several promotions and re-assignments.
The company established Furniture Brands (Hangzhou) Co. Ltd., where eventually a 120-person office will serve as the headquarters of the company’s Asian operations. As managing director, Jimmy Martin will head all of the global sourcing efforts for Furniture Brands. He will be stationed in Dongguan, China.
The company named Davy Whittington head of distribution and logistics; Jeff Smith head of product development; Brian Martin head of sourcing operations; and Tara Newman will coordinate import logistics functions. Read more »
Tags: Asia, Broyhill, Business Journal, China, Distribution Center, Drexel Heritage, Exel, Furniture, Furniture Brands International, Furniture Brands International Inc., January, Lane, Maitland-Smith, retail, St. Louis, St. Louis Business Journal, supply chain, Thomasville
Residential furniture maker Furniture Brands International Inc. said Wednesday it named William Holliman the president of its Lane Furniture Industries Inc. unit.
Holliman most recently served as an executive vice president of supply chain at Lane.
Furniture Brands also said Jeff Young has resigned as president and chief executive of HDM Furniture Industries, another of Furniture Brands six units. Furniture Brands said the resignation was by “mutual agreement” but did not provide more details.
John T. Foy, currently president and chief operating officer of Furniture Brands, will oversee day-to-day operations of HDM on an interim basis while the company searches for a permanent replacement. Read more »
Tags: Furniture, Furniture Brands International, Furniture Brands International Inc., furniture maker, Jeff Young, Lane, Lane Furniture, Lane Furniture Industries, Lane Furniture Industries Inc., supply chain
Hooker Furniture Corporation today reported net sales of $77.3 million and net income of $4.3 million, or $0.33 per share, for the quarter ended April 29, 2007.
Due to a change in Hooker Furnitureâ€™s fiscal year, the Companyâ€™s 2008 fiscal year began January 29, 2007 and will end February 3, 2008. The Company will compare its operating results for the thirteen-week first quarter of fiscal year 2008 with the 2006 three-month second quarter that ended May 31, 2006 (the â€œ2006 quarterâ€).
First quarter 2008 net sales of $77.3 million decreased $13.4 million, or 14.8%, compared to the 2006 quarter net sales of $90.7 million. Based on actual shipping days in each period, average daily net sales declined 13.4% to $1.2 million per day during the 64 operating days in the 2008 first quarter compared to $1.4 million per day during the 65 operating days in the 2006 quarter.
2008 first quarter net income of $4.3 million decreased $1.5 million, or 26.5%, compared to the 2006 quarter net income of $5.8 million. Earnings per share of $0.33 decreased $0.16, or 32.7%, when compared to the 2006 quarter earnings per share of $0.49. Contributing to the decrease in earnings per share was a net increase of 1.2 million shares primarily resulting from the termination of the Companyâ€™s Employee Stock Ownership Plan in January 2007, partially offset by stock repurchased since February 2007. Read more »
Tags: Adjustment, America, Bath, bath furniture, Bradington-Young, Cherry, Common Stock, companyâ€™s Web site, Conference Call, Easter, Ford, Furniture, furniture product, furniture products, home furnishings retailer, home furnishings retailers, Hook, Hooker, Hooker Furniture, Hooker Furniture Corporation, Internet, January, Kim, La-Z-Boy, La-Z-Boy Inc, La-Z-Boy Incorporated, Leather Furniture, Martinsville, Mary, metal, North America, Paul B. Toms, Paul B. Toms Jr., Price, products, retail, retail environment, Sam Moore, Set, supply chain, Table, Today, Virginia
OfficeMax isn’t taking a drubbing by competitors sitting down. But it’s offering its customers a seat or two.
The Naperville-based office supply store chain hopes to raise its sales by offering higher end office furniture lines, beginning with the Sharper Image Office line, a takeoff of the popular catalog and mall brand. It’s also readying a Broyhill line for the market this summer.
The lines are part of the company’s overall private-brand strategy as it strives to increase profits, said Ryan Vero, the company’s executive vice president and chief merchandising officer. OfficeMax’ line of TUL pens came out last year. Read more »
Tags: Broyhill, Broyhill Furniture, Broyhill Furniture Industries, Chicago, Design, Furniture, Goes, Home Office Furniture, January, Jennifer, Mary, Naperville, Office Furniture, Oman, Price, Staples, supply chain, U.S. Department of Labor
For Tim Zyto, it was a wake-up call. Then, a call to action. A year ago, Zyto, a Montreal furniture manufacturer and retailer, read a story in Time magazine that asked this seminal question: “Should we be worried about global warming?”
Zyto was very worried after reading it. “I was so shocked, I almost fell over,” he said. “Global warming is a man-made problem and all our consumption is part of the problem.”
But what to do?
He remembered hearing that such rock groups as Coldplay and the Rolling Stones were buying carbon offset credits through a British company to compensate the planet for their jet travel.
The company, Zyto learned, was The Carbon Neutral Co., set up a decade ago to help businesses measure, reduce and offset their carbon dioxide emissions. Starting with the premise that climate change affects the whole planet, businesses can finance environmental mitigation projects around the world and offset their own environmental footprint through Carbon Neutral. Read more »
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Furniture Brands Intl. had pulled back for a week after a weeklong climb and on Friday the stock broke out on the heaviest trading activity since last June. The stock moved back above it’s 50 day moving average and finished at a 3 month high. Shares gained 96 cents and finished the trading session at $17.67.
Furniture Brands Intl. on Thursday, named Michael McBreen VP, Supply Chain And Logistics.
Information from: www.tradingmarkets.com
After a sharp move up earlier in the day, Furniture Brands International is moving further north after CNBC just mentioned the stock’s gains. FBN has been trading in a range for the last two hours and is currently taking out the highs of the day on increased trading activity. Shares of FBN are trading higher by $1.76 at $17.47.
Furniture Brands Intl. on Thursday, named Michael McBreen VP, Supply Chain And Logistics.
W.G. (Mickey) Holliman, Chairman of the Board and Chief Executive Officer of Furniture Brands International, Inc., announced the appointment of Michael F. McBreen as Vice-President, Supply Chain and Logistics of the company.
Mr. McBreen has served since 2004 as a Director in Global Apparel Operations and Strategic Planning for Nike, Inc. Prior to assuming his current role, Mr. McBreen served in other supply chain positions of increasing responsibility at Nike. Before joining the company in 2000, Mr. McBreen was employed by PricewaterhouseCoopers and consulted in their Manufacturing, Consumer Products, and Supply Chain Management practices. Mr. McBreenâ€™s educational background includes a degree in chemical engineering from Iowa State University in 1988. Read more »
Tags: America, Americaâ, Broyhill, Drexel Heritage, Exel, Furniture, Furniture Brands International, Iowa, Lane, Maitland-Smith, Mike, Nike, Price, PriceWaterhouseCoopers, products, supply chain, Thomasville, World Magazine
HAVERTY FURNITURE COMPANIES INC reported earnings for the fourth quarter and the year ended December 31, 2006. Earnings for the fourth quarter were $3.2 million, or $0.14 per diluted share, compared with $6.8 million, or $0.30 per diluted share in the fourth quarter of 2005, a 53.1% and 53.3% decrease, respectively. Earnings for the year ended December 31, 2006 were $16.0 million, or $0.70 per diluted share, compared with $15.1 million, or $0.66 per diluted share for 2005, a 6.3% and 6.1% increase, respectively.
As previously reported, sales for the fourth quarter were $216.0 million, or 4.2% less than the sales in the corresponding quarter in 2005. Sales for the year ended December 31, 2006 increased 3.8% to $859.1 million from $827.7 million in 2005. Comparable-store sales in 2006 decreased 6.7% for the fourth quarter and increased 1.8% for the year. Read more »