Krause's taps Lopez as operations VP
By Clint Engel -- Furniture Today, December 2, 2001
BREA, Calif. — Krause's Furniture has hired industry veteran Angel Lopez as vice president of operations as the new owners of the retailer and maker of custom upholstery continue their bid to rejuvenate and broaden the business.
Lopez will be responsible for developing efficient and profitable methods to rebuild the Krause's and Castro Convertibles brand names.
He replaces Jim McTaggart, who left Krause's to joined a hydraulics manufacturer in Wisconsin shortly after Krause's filed for Chapter 11 bankruptcy protection this summer.
In October, the Hakakian Group, led by Alex Hakakian, purchased the assets of Krause's with plans to remerchandise and reopen 35 to 45 showrooms — roughly half the number of stores the Top 100 company was operating before its bankruptcy and liquidations.
"There were a lot of things operationally here that really chewed into the profits of the company," said Martin Ploy, a former BenchCraft executive who joined Krause's as president in November. Lopez, who reports to Ploy, "is trying to unravel some of the operations messes we had so that we can be leaner and more efficient," he added.
Lopez was director of outlet operations for the former HomeLife Furniture chain from 1999 to August 2001, and before that was director of stores for the former Fedco for two years, working out of Santa Fe Springs, Calif. Lopez spent most of his career at Levitz, where in 25 years he rose from sales associate to Group 6 merchandise/sales manager.
Krause's plans include enhancing the quality and style of its products and creating strategic alliances with certain manufacturers to broaden its assortment and consumer appeal.
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