Business, Retail
Posted On: 11/28/2023
A record 200.4 million consumers shopped from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million.
Business
Posted On: 11/22/2023
While 2023 proved yet another challenging year to navigate, surveyed area rug executives -- who have been proactively tweaking their strategies to take advantage of high growth categories -- expect to record steady growth by the end of Q4.
Business
Posted On: 11/15/2023
Surya has purchased the Mitchell Gold + Bob Williams brand and will re-introduce the influential label to its trade-only clients as part of its strategy to become a whole home decorating solution.
E-Commerce
Posted On: 11/10/2023
Luxury rug and carpet company STARK has rolled out a revamped website that allows direct to consumer sales of in-stock rugs and also feature custom rug options for trade clients.
Executive Moves, Retail
Posted On: 11/6/2023
Jonathan Johnson steps down as chief executive officer and Dave Nielsen appointed interim CEO and president; Adrianne Lee, CFO, takes on expanded responsibilities.
Executive Moves, Industry
Posted On: 11/9/2023
Custom rug and carpet maker Delos has hired Lacey Stinnett as director of design and Tina Johnson as business development manager.
Financial, Retail
Posted On: 11/2/2023
Havertys reports consolidated sales decreased 19.7 percent to $220.3 million and comparable-store sales decreased 20.7 percent, while gross profit margin increased to 60.8 percent from 57.1 percent.
Financial, Retail
Posted On: 11/30/2023
Kirkland reports Q3 results anticipates solid year-over-year improvement in profitability during the fourth quarter.
Financial, Retail
Posted On: 11/15/2023
Target announces Q3 results and reports that declines in discretionary categories were partially offset by continued growth in frequency categories, most notably in Beauty.
Retail
Posted On: 11/2/2023
NRF forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.
Executive Moves, Retail
Posted On: 11/6/2023
Jonathan Johnson steps down as chief executive officer and Dave Nielsen appointed interim CEO and president; Adrianne Lee, CFO, takes on expanded responsibilities.
Financial, Retail
Posted On: 11/2/2023
Havertys reports consolidated sales decreased 19.7 percent to $220.3 million and comparable-store sales decreased 20.7 percent, while gross profit margin increased to 60.8 percent from 57.1 percent.
Financial, Retail
Posted On: 11/30/2023
Kirkland reports Q3 results anticipates solid year-over-year improvement in profitability during the fourth quarter.
Retail
Posted On: 11/16/2023
An estimated 182 million people -- 15.7 million more than 2022 -- are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year.
License Partners, Retail
Posted On: 11/10/2023
Simply Southern Cottage rugs are featured in recent TV show and its latest rug designs are exclusively being showcased at Southern home furnishing retailer Ivan Smith.
Business, Retail
Posted On: 11/28/2023
A record 200.4 million consumers shopped from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million.
Financial, Retail
Posted On: 11/15/2023
Target announces Q3 results and reports that declines in discretionary categories were partially offset by continued growth in frequency categories, most notably in Beauty.
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High Point, Show Recap
Posted On: 11/3/2023
In this comprehensive two-part series of area rug showrooms, RugNews follows the buyers and designers shopping the fall HPMKT and discovers top-selling rugs at 2023’s last major event of the year.
High Point, Show News & Business
Posted On: 11/3/2023
RugNews’ Part 2 fall rug roundup continues the non-stop High Point coverage, showcasing the event's most popular area rugs and the market-goers who were checking them out.
International, Show News & Business
Posted On: 11/27/2023
New designs, pioneering product developments and major industry trends are the focus of the new Carpets & Rugs Hall 5.1, which is fully booked with the latest increase in exhibitors coming primarily from the machine-woven sector.
International, Previews
Posted On: 11/9/2023
A coterie of 28 luxurious area rug and textiles artists and studios debut their avant-garde designs at the first Carpet Diem event in Paris.
Las Vegas, Show News & Business
Posted On: 11/22/2023
The International Surface Event organizers report the 400,000 square foot exhibit hall is nearly sold out for the Jan.24-26, 2024 flooring expo.
Las Vegas, Show News & Business
Posted On: 11/28/2023
Las Vegas Market announces new showrooms, which includes Southwest Looms, and expansions, with Loloi growing its footprint again.
New York, Show News & Business
Posted On: 11/28/2023
The not-for-profit rug buying event The Rug Show USA has set dates for its 2024 edition at the Meadowlands Exposition Center from Sept. 7-9, 2024.
International, Previews
Posted On: 11/9/2023
A coterie of 28 luxurious area rug and textiles artists and studios debut their avant-garde designs at the first Carpet Diem event in Paris.
Las Vegas, Show News & Business
Posted On: 11/22/2023
The International Surface Event organizers report the 400,000 square foot exhibit hall is nearly sold out for the Jan.24-26, 2024 flooring expo.
Show News & Business
Posted On: 11/28/2023
ANDMORE has announced a 2024 market calendar with 33 apparel, gift and home furnishings buying events to take place in Atlanta, High Point, Las Vegas and New York City.
International, Show News & Business
Posted On: 11/27/2023
New designs, pioneering product developments and major industry trends are the focus of the new Carpets & Rugs Hall 5.1, which is fully booked with the latest increase in exhibitors coming primarily from the machine-woven sector.
Las Vegas, Show News & Business
Posted On: 11/28/2023
Las Vegas Market announces new showrooms, which includes Southwest Looms, and expansions, with Loloi growing its footprint again.
Show News & Business
Posted On: 11/2/2023
Aleph Home/Orientalist Home and Loloi Rugs are among the six showroom expansions set to debut at the January 2024 Atlanta Market, which also welcomes seven new-to-market home brands.
High Point, Show News & Business
Posted On: 11/3/2023
RugNews’ Part 2 fall rug roundup continues the non-stop High Point coverage, showcasing the event's most popular area rugs and the market-goers who were checking them out.
New York, Show News & Business
Posted On: 11/28/2023
The not-for-profit rug buying event The Rug Show USA has set dates for its 2024 edition at the Meadowlands Exposition Center from Sept. 7-9, 2024.
High Point, Show Recap
Posted On: 11/3/2023
In this comprehensive two-part series of area rug showrooms, RugNews follows the buyers and designers shopping the fall HPMKT and discovers top-selling rugs at 2023’s last major event of the year.
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