Rug vendors exploring furniture

Article Abstract:

Several rug retailers are venturing into the incorporation of furniture into their merchandise. Noonoo Rug is the latest firm to enter the furniture business, importing home accents from India. Noonoo President said that the change in the business is due to the realization of rug vendors of their role in the total home furnishings setting. Newman added that the introduction of products such as armoires, side tables and benches to its stores may only be the beginning. The company is preparing to have woven upholstery and drapery fabric to its selection.

Carpets & Rugs, Carpet and Rug Mills, Rugs and carpets

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Furniture First revamps corporate structure

Article Abstract:

Furniture First has altered its corporate structure by electing new officers and directors and by adding four members. At the firm's annual meeting, members voted to transform from a non-profit corporation to a for-profit, stock-held corporation to be based in Delaware. Furniture First President Bill Hartman stated that the modification enables the firm's board of directors to function more effectively and that operating as a for-profit company under Delaware laws allows the firm to implement business decisions more efficiently.

Comment:

Alters its corporate structure by electing new officers and directors and by adding four members

Executive changes & profiles, Furniture & Fixtures, Furniture and Related Product Manufacturing, Furniture First

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Expressions plans expansion

Article Abstract:

Expressions Custom Furniture is undertaking an expansion plan that includes opening three new stores in the next few months. A store in Columbus, OH, will be opened by the upscale retail network in late September 1998, while new locations in Scottsdale, AZ, and Tampa, FL, will open for business in the first quarter of 1999. Franchisees will own and operate the new locations, which will measure roughly 5,000 sq ft. Also, Expressions has reopened stores in Metairie, LA, and Jacksonville, FL, under new franchise owners.

Comment:

Is undertaking an expansion plan that includes opening three new stores in the next few months

Furniture Stores, Expressions Custom Furniture

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