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  • JCP closing 130 to 140 stores
    jcpenney closings

    Department store chain JCPenney said it will close 130 to 140 stores and sever distribution operations at two facilities to better align its store and online operations and better compete with online players. More ...

Video Coverage

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BLOGS

  • Bill McLoughlin

    Furniture Everyday

    Bill McLoughlin

    February 24, 2017

    What if housing would never again drive your sales?

    The common axiom of the furniture business is that housing activity drives furniture sales. When the housing bubble burst in 2008, the furniture industry suffered near catastrophic setbacks, and the uneven recovery of the housing business since then has been a contributing factor in the furniture industry’s inconsistent recovery. There was good news in January as purchases of previously owned homes were up 3.3% and overall home sales hit their highest levels since 2007. However, the combination of low housing inventories and rising mortgage rates are serving as a brake on momentum, and expectations are that interest rates ...

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  • Clint Engel

    Clint's Notes

    Clint Engel

    February 23, 2017

    Four points from the Havertys 4Q call

    ATLANTA — Top 100 company Havertys typically holds its cards close to the vest, but in its fourth quarter conference call with securities analysts, the retailer offered up a few interesting tidbits. Presidents’ Day was good. Chairman President and CEO Clarence Smith suggested it in so many words by noting written sales for the last three weeks were up 7.5% from a year ago and that the periods included the Presidents’ Day events for both years. He said the “recent strong sales helped us recover from the softer New Year’s event.” Havertys is expanding and remodeling. A new Greensboro ...

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  • Cindy Hodnett

    From Fabric to Frame

    Cindy W. Hodnett

    February 23, 2017

    How much is that sofa in the window?

    Despite the inference, this is not a blog about price. While the industry is preparing for spring markets, product introductions and logistical challenges, an up-and-coming entrepreneur in the computer science arena is developing an app that may add another layer of marketing strategy to the future business plans of furniture manufacturers and retailers. The company is Grokstyle, and the innovator behind it is Sean Bell. Bell, a Cornell 2016 graduate who is working with Prof. Kavita Bala in the field of computer vision, is in the process of creating a universal app that will allow people to identify furniture and ...

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  • Conversations with Dean Horowitz

    Conversations.

    Dean Horowitz

    February 23, 2017

    Beer run, only this one was automated

    With "Proudly Brewed. Self-Driven." displayed on the delivery truck, last year OTTO and Budweiser partnered on a self-driving truck test: 51,744 cans of beer were hauled 120 miles in Colorado.   The senior director of logistics strategy at Anheuser-Busch said: "I see a future where this technology becomes ubiquitous; it becomes similar to automatic transmission or cruise control." Please watch this video about how the test was conducted. It doesn't eliminate human involvement in the delivery process, but it does offer a solution for our industry that has been discussed and speculated about for a few years. What do ...

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Las Vegas Videos

Scott Brothers at Vegas Market

Between laughs and lemons, Drew and Jonathan Scott say their new #ScottLiving indoor collection with Coaster Co. of America reflects their own design preferences and their ongoing goal of helping consumers stretch their budgets while getting the best look and quality possible. #LVMKT See the videos! (Coverage sponsored by ViscoSoft.)

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  • USA Premium Leather

    USA PREMIUM LEATHER

    The company's newest contemporary home theater group features a raspberry leather cover. USA PREMIUM LEATHER
    C-1440, C-1432

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