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Wall decor, accent furniture producers expect solid 2007

Edited by Susan Dickenson -- Furniture Today, March 18, 2007

Research: wall decor

Research by Home Accents Today and New York-based Easy Analytic Software projects U.S. consumers will spend 30% more this year on wall decor than the $6.14 billion spent in 2006. The biggest gains are expected in the West and South, with Nevada's 47% projection leading the U.S. states. Wall decor manufacturers interviewed at the winter markets reported a solid 2006, and most are optimistic about 2007, citing trends in three-dimensional pieces, organic and botanical styling, and pieces that can be layered or clustered in sets.

Survey: accent furniture

Accent furniture manufacturers expect sales to grow slightly or at least stay level with 2006 sales despite challenges brought on by dwindling numbers of retailers and a slower housing market. Furnishings retailers who responded to a January online survey conducted by Home Accents Today said accent furniture represents from 10% to 30% of sales, 95% of which are tables and 86% chairs. Thirty-nine percent of respondents said traditional is their best selling style grouping, and 34% of the retailers plan to carry more of the accent furniture product category in 2007.

Business moves

Enesco Group announced the completion of the sale of substantially all of its assets to EGI Acquisition, LLC an affiliate of Tinicum Capital Partners II, in February.

Pacific Rim Import, a 30-year-old Seattle-based home accent and gift company, should be sold during March, according to John Davidson, managing partner of Inverness Group, the court-appointed receiver for the company.

Crown Crafts is closing its Churchill Weavers hand-woven throw business, the century-old artisan operation that has steadily lost ground in recent years to low-price imports. A non-binding agreement to sell the carriage-trade throw producer to Bedford Cottage fell through and the company is expected to cease operations by the end of March.

News from around the marketplace

Laneventure celebrated its 35th anniversary at a recent national sales meeting in Charlotte, N.C. The sales meeting also featured the introduction of a completely redesigned catalog for the company's Excursions line of premium indoor home furnishings and the debut of the fifth edition of the custom magazine Living Outdoors.
Nourison unveiled its first line of licensed Liz Claiborne rugs during January's Atlanta International Area Rug Market.
Williamsburg announced licensing agreements with Sedgefield by Adams and SPI Home to replace product previously manufactured by Virginia Metalcrafters, which closed its doors last year. Some items are set to launch at the upcoming High Point Market.
V Rugs & Home's U-Shaped Bedwrap rug was named Best of Show in the Best New Product Awards at the New York Home Textiles Show. Best new products were also named in the categories of bath, bed, dining and home accessories.
Dallas Market Center officials reported a nearly 10% increase in attendance of lighting buyers who came to the January lighting market, where the grand opening of a 500,000-sq.-ft. expansion doubled the lighting marketplace in Dallas, and recipients of the 18th Annual ARTS Awards were announced.

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