|
|
|
|
|
Factoids |
|
Back to news |
|
Related articles
most recent first |
|
Bassett to Launch New Entry-Level Upholstery Line |
|
Furniture Brands Expects Q4 Sales 25% Below 2009 |
|
Retired Bassett CEO Robert Spilman Dies |
|
Video: Furniture Designers Identify Hottest Trends |
|
China Preps for September Furniture Expo |
|
Tempur President Resigns Association Chairmanship Over Disputes |
|
Havertys Reports Same Store Sales Drop 22 Percent |
|
Furniture Industry Launches Multi-Channel Ad Campaign |
|
Jennifer Convertibles Retains Strategic Advisor After Continuing Sales Decline |
|
High Point Pleased With Market Despite Lite Attendance |
|
High Point Furniture Market 100th
Anniversary in Full Swing |
|
Stanley Furniture Reports 36% Drop in Q1 2009 Sales |
|
Havertys Same Store Sales Drop 23% as Retail Consumers Stay Home |
|
Erika Sparrow to Develop RTO Marketing Campaigns for Knorr |
|
High Point Market Authority Webcast |
|
Furnishings Industry Group Calls for 2009 Award Nominees |
|
La-Z-Boy Names Law Professor to Board |
|
Association Urges Home Furnishings Industry Stimulus |
|
Central Illinois Dealer Sees Growth by Sticking to the Basics |
|
Stanley Furniture CEO "Indicators at historically low levels" |
|
Jennifer Convertibles Same Store Sales Fall 24% |
|
Specialty Furniture Retailer Jennifer Convertibles Revenue Drops
16% |
|
La-Z-Boy Cuts Credit Backing for Independent Galleries |
|
La-Z-BOY
to Lay-off 10% of Workforce |
|
Furniture Retailer Havertys Same Store Sales Down 15 Percent |
|
Sealy CEO to Receive Canadian Home Furnishings Alliance Lifetime Achievement Award |
|
Canadian Home Furnishings Market Sells Out Despite Economy |
|
La-Z-Boy Names Mark Bacon Chief Retail Officer |
|
Flexsteel to Close Plants; Economy Blamed |
|
Association's Mattress Council Meets in Vegas |
|
IRG Capital Acquires Foundering Norwalk Furniture |
|
Ohio Extends Loan to Embattled Furniture Maker Norwalk |
|
Greg White Promoted to La-Z-Boy Senior VP Sales |
|
Stanley Furniture to Close North Carolina Plant; Economy |
|
Economy Hammers Jennifer Convertibles Revenue; Losses Climb |
|
Wogan Badcock Nominated to Furniture
Hall of Fame |
|
Association Honors Furniture Retailer of the Year |
|
Furniture Brands to Expand Licensing Program
to Lane, Broyhill |
|
New Furniture Brands International CEO Sets Sights On Recovery |
|
Stanley Furniture First Quarter Sales Plummet 16%; Lowers 08 Forecast |
|
DreamSeat Rolls Out RTO Program; Luxury Leather Recliners for Rent-to-own Sports Fans |
|
La-Z-Boy Abandons Domestic Cut and Sew; Moves All Production to Mexico |
|
Flexsteel Bucks Furniture Manufacturing Trend |
|
CPSC Gives Notice On Upholstered Furniture Flammability Standard |
|
Groovy: 40th Anniversary of Summer of Love To Influence Furniture Styles in 2009 |
|
Bassett Furniture 2007 Sales Fall 12% |
|
Furniture: Hot Color Trends For 2008 |
|
Stanley Furniture CEO: "We're in the longest and deepest furniture recession in a generation." |
|
Specialty Furniture Retailer Jennifer Convertibles Continues
Slump |
|
Brave New World? Environmental Leadership Series Offers Insight to Green Movement During January Las Vegas
Furniture Market |
|
Las Vegas Furniture Market Plans Forecast Series Seminar |
|
High Point
Furniture Pre-Market Becoming Mainstream Event For Majors |
|
Furniture Retailers Continue Struggle in Face of Credit Crunch; Havertys November Same Store Sales Down 10.7% |
|
Las Vegas Furniture Market Temporary Exhibits at MGM Grand Opening January 29 |
|
Jennifer Convertibles Bucks Downward Trend In Retail Furniture; Reports Revenue, Profit Increase For Q3
|
|
La-Z-Boy Completes Pennsylvania House Deal With Universal
Furniture |
|
Stanley Furniture Cuts Workforce, Consolidates Martinsville,
Stanleytown |
|
Six
Trends Spotted at High Point Furniture Market |
|
Bassett Furniture Sales Fall 9%; Soft Retail Cited |
|
Furniture Retail Softness Continues; Havertys Same Store Sales
Plunge 16% |
|
England
Retires From La-Z-Boy; Otis Sawyer, SVP Ops, Named Successor
|
|
La-Z-Boy Sells Pennsylvania House To Universal |
|
Havertys August Sales Plunge 10%; CEO Sees Some Signs Off Market
Improvement |
|
Wal-Mart To
Recruit Local Operators For Bedding Shops Inside Super Centers
|
|
Las Vegas Furniture Market Head Resigns; WMC Searching For
Replacement |
|
La-Z-Boy Sales Fall 12.6%; Company Cites Soft Retail Environment |
|
Stanley Furniture Sees Continued Weakness; Q2 Net Down 12.6%;
Lowers Guidance For Q3 |
|
Flexsteel
Leader Bruce Lauritsen Dies at 64 |
|
Denise Ramos
Resigns as Senior Vice President and CFO of Furniture Brands
International |
|
Tempur-Pedic Unveils Brand Campaign |
|
RTA Manufacturer Dorel To Shutter Michigan Plant; Company
Encouraged by 2007 Prospects |
|
PeopLoungers Declares Chapter 11 Bankruptcy |
|
Video: New World Record Set For Fastest Sofa; 92mph |
|
Stanley
Furniture First Quarter Sales Down 10% |
|
La-Z-Boy
Treasurer Resigns |
|
Decorize
Partners With Klaussner Furniture To Develop Accents Line |
|
Linder's
Named Western Home Furnishings Association Retailer of the Year |
|
Bassett Reports Continued Softness At Retail |
|
Upholstery Manufacturer Berkline/BenchCraft Gets $40 Million New
Financing |
|
Klaussner
Furniture Intros New Brand Sponsorship Of No.
55 Michael Waltrip at Atlanta Motor Speedway |
|
Furniture
Brands International Warns; Furniture Sales Will Be Down 15% |
|
Furniture Industry Experts Lead Trends Presentation |
|
Jeffrey Cook Named President of Broyhill
Furniture |
|
Bassett
Sales Down 17%; Company To Close Largest Plant In Hometown Of
Bassett, Virginia |
|
McBreen Takes Over As Furniture Brands International VP Supply
Chain and Logistics Following McClelland Resignation |
|
Rooms To Go Reenergizes Push Into Hispanic Market; Announces
Partnership with Celebrity Journalist Myrka Dellanos |
|
Berkline
Benchcraft Appoints Steven Smith CFO |
|
Expert
Predicts Upholstery Color, Texture Trends |
|
Furniture
Trend Guru Says Furniture With A Conscience Is Hot |
|
Stanley Furniture Cites Industry Wide Slowdown For Sales Plunge |
|
Rawson Haverty, Chairman Emeritus of Haverty Furniture Dies at
86 |
|
Bassett
Furniture Sales Plunge; Down 13% From '05 |
|
Hooker
Furniture Exits Domestic Wood Furniture Manufacturing; Company
Closing Last Domestic Plant |
|
Survey Shows Recliners Gaining In Popularity |
|
Bassett
To Restate Earnings |
|
Stanley Furniture Announces
Layoffs |
|
Broyhill
Closes North Carolina Case Goods Plant |
|
Schnadig Plans 5,500 Sq Ft Showroom At Las Vegas Winter
Furniture Market |
|
Deja Vu;
Former Ameriwood President Back At Helm After Carlson Resigns |
|
Broyhill Leases 700,000 Sq Ft Southern California Distribution Center |
|
Specialty Furniture Retailer Jennifer Convertibles To Open Ashley Furniture
HomeStores In New York |
|
Furniture Hall Of Fame Inducts Ashley Founder Ron
Wanek |
|
Bauhaus
Upholstery President Named |
|
Berkline/BenchCraft Shift Production To Mississippi |
|
Four Named to American Furniture Hall of Fame |
|
 We have made
significant progress in the realignment of our business over the
past nine months," said C. William Wittenberg, president and
CEO.
William Wittenberg, President and CEO, Berkline/Benchcraft
Berkline/BenchCraft has reached an
agreement with its stakeholders to recapitalize the company. The
recapitalization provides for refinancing of the company's
$40 million of outstanding debt and provides for $40 million of
new financing. The new capital will be used to support the
company's operational reorganization initiated in June 2006.
"We have made significant progress in the realignment of our
business over the past nine months," said C. William Wittenberg,
president and CEO. "This agreement reflects our stakeholders'
confidence in our ability to not only remain competitive in our
market segment, but also to position ourselves for continued
profitable growth."
In the past nine months, Berkline / Benchcraft has closed or
consolidated operations at four US manufacturing plants. Mr.
Wittenberg said these initiatives have reduced costs
significantly, and the company plans to implement more
initiatives in the upcoming months that are projected to result
in substantial added savings and performance improvement
throughout the organization.
"We will continue our efforts to successfully execute the
numerous initiatives at hand and intend to be more aggressive in
our pursuit of the market place," Mr. Wittenberg said.
Berkline/Benchcraft Holdings is one of the largest independent
suppliers of upholstered furniture in North America. The company
employs 3,200 people.
|
RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
|
Tell us what you think
Rate the article at the top of this page |
|
|
|
|
