Nationwide's youth push

Article Abstract:

Room Plus's receipt of a loan worth $1.5 million from David Belford, who is the chairman and CEO of Nationwide Warehouse & Storage of Columbus, OH, could result in a merger of the two companies and bolster the former as a youth furniture specialty business. Subject to the approval of its investors, Room Plus has given Nationwide the option to merge with the former within five days of the release of the financial results of Room Plus in 1998. Sixteen-outlet Room Plus, which is a retailer and maker of predominantly mica-laminated youth bedroom, posted $16.9 million in sales in 1997. Meanwhile, Nationwide, which achieved around $131 million in sales in 1997, is a promotional furniture retailer with 84 outlets in Canada and the US.

Comment:

May bolster its status as youth furniture specialty bsns w/ receipt of $1.5-mil loan from chmn of Nationwide Warehouse & Storage

Receipt of funds, Household and Institutional Furniture Manufacturing, Household Furniture & Bedding, Room Plus

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AVB to launch Brand Source banner program

Article Abstract:

Associated Volume Buyers (AVB) will unveil a banner program that will put together small retail members under one consumer-friendly brand name. The Brand Source name and logo which will be formally launched at AVB's National Convention and Buy Fair in September 1998 in Orlando, FL. The use of Brand Source by AVB members is voluntary, and is designed to work with, rather than replace, the name of individual stores. Mike Allen, national furniture coordinator for AVB, said that the common brand will allow AVB to launch national advertising using a name that means something to consumers.

Comment:

Will unveil a banner program that will put together small retail members under one consumer-friendly brand name

Strategy & planning, Furniture Stores, Associated Volume Buyers

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