Mill's Pride RTA a hit at Sears

Article Abstract:

Mill's Pride's ready-to-assemble (RTA) home office and home entertainment products are the real winners at Sears HomeLife, according to Jim Downey, who is HomeLife's RTA purchaser. On Jul. 31, 1998, the six home office and home entertainment products, which are sold under the Home Options name, were launched. On Aug. 14, 1998, six products of juvenile furniture, which are offered under the Razz ma Tazz name, are slated to be introduced. Other products in the juvenile line include rolling table, a child's armoire, a dresser with fiver drawers, deluxe headboard and computer desk.

Comment:

Its ready-to-assemble home office and home entertainment products are the real winners at Sears HomeLife

Product information, Furniture & Fixtures, Furniture and Related Product Manufacturing, Mill's Pride Inc.

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Success of RTA at retail continues to expand

Article Abstract:

Ready-to-assemble home office furnitures are capturing a bigger share of the RTA sales in four of eight furniture retailers as the whole RTA sector is set to grow to $1.3 billion in retail sales before the end of 1998. These findings from a study on furniture spendings of 50,000 households by The Polk Co., a market reseach firm, has revealed a home office share of around 26%, an increase from 1994's 20%. With the addition of home entertaintainment's share of 27%, down from 30% in 1996's second half, a 1998 RTA retail market share of above 50% is controlled by both segments.

Comment:

Ready-to-assemble furniture sector set to grow to $1.3 bil in retail sales before end of 1998, with home office taking 26% share

Forecasts, trends, outlooks, Institutional Furniture Manufacturing, Retail sales, Misc Furniture & Fixtures, Furniture

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Office giant Global enters RTA arena

Article Abstract:

Altra Inds., a manufacturer of flat-packed office and entertainment furniture, has been acquired by Global Inds., a producer of contract office furniture. The move represents Global's venture into the ready-to-assemble furniture market, while allowing Altra to introduce new products such as seating. Although details of the deal were withheld, there are plans for Altra to change its name to Altra Furniture Inc., while continuing to serve its present clientele from its current location in Lodi, NJ, and retain its management.

Comment:

Has acquired Altra Inds.

Asset sales & divestitures, Acquisitions & mergers, Nonupholstered Wood Household Furniture Manufacturing, Wood Household Furniture, Wood furniture, Household furniture, Altra Industries Inc., Global Inds.

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