TRIB rebates reach $2M
Article Abstract:
TRIB Group members received an increase of rebates of to close to $2 million in 1998 from $1.2 million in 1997. Checks, that total close to $2 million, were distributed to dealers during the organization's annual convention. The amount has shown a consistent increase along with a growing number of dealer members and the rise in vendors providing rebates as part of their TRIB merchandising plan. During the 1983 establishment of TRIB, which stands for The Rental Industry Buying Group, rebates totalled $150,000. In 1997, the TRIB Group's purchase from approved vendors totalled around $250 million.
Publication Name: Furniture-Today
Subject: Home furnishings industry
ISSN: 0194-360X
Year: 1998
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New showroom power
Article Abstract:
Vornado Realty Trust, a real estate investment trust based in Saddle Brook, NJ, has entered an agreement to purchase the Market Square, a 1.05-million-sq-ft, multi-building, showroom and hotel complex, for $100 million in debt and securities. Earlier in 1998, the company, acquired Merchandise Mart in Chicago, IL, as well as other Kennedy family properties. The acquisition deal will include the Market Mart, Market Square Towers, Furniture Plaza, Holiday Inn-Market Square, Hamilton Market, the Sklar-Peppler showroom and a former Malden Mills warehouse.
Comment:
Agrees to purchase Market Square, a 1.05-mil-sq-ft, multi-building, showroom & hotel complex, for $100 mil in debt & securities
Publication Name: Furniture-Today
Subject: Home furnishings industry
ISSN: 0194-360X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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