Retailers explore rug opportunities

Article Abstract:

The rug category has increasingly become an important niche in every major channel of furnishings retailing in High Point, NC, during the past ten years. Rugs, which are being sold in different colors for as low as $69 to as high as $10,000, are now being displayed at furniture markets in High Point in growing numbers. However, it is figured out that furniture stores account for lower than 10% of the retail rug market, which is valued at $2 billion. Home furnishings stores' growing interest in rugs has been brought by a realization that the rugs can often mean cash-and-carry business, trouble free and high turns.

Comment:

Rug category increasingly become important niche in furnishings retailing in High Point, NC, during past ten years

Product information, All Other Rubber Product Manufacturing, Carpet & Rug Cushions, Carpet pads

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Horizon Pacific Home moving to new store

Article Abstract:

Horizon Pacific Home of Atlanta, GA, will relocate to a new 30,000-sq-ft location in Buckhead, GA, on Nov. 1, 1998, after it closes its store in Atlanta by the end of October 1998. The home furnishing retail firm, which has started direct-import of both antique furnitures and company-designed products from such countries as the Philippines, Chile, Indonesia and India, is planning a grand opening celebration for the new store in January 1999. Horizon Pacific's new location will also have both an outdoor and indoor cafe.

Comment:

Will relocate to a new 30,000-sq-ft location in Buckhead, GA, on 11/1/98, after it closes its store in Atlanta, GA

Facilities & equipment, Organizational history, All Other Home Furnishings Stores, Home Furnishings Stores NEC, Home furnishings stores, Horizon Pacific Home

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