News

Business Business Surya Expands Outdoor Furnishings Business with Acquisition of RST Brands Posted On: 9/14/2023 Surya has purchased RST Brands, a maker of outdoor furniture. E-Commerce E-Commerce, Retail Ernesta Launches Custom-Sized Rugs across US, Following Successful Invite-Only Beta Program Posted On: 9/6/2023 Designers, E-Commerce Rugs USA Announces Designer Collaboration with Prabal Gurung Posted On: 9/21/2023 In his exclusive collection with Rugs USA, award-winning fashion designer Prabal Gurung brings the rich artistry seen in his work on the runway to his area rug designs. E-Commerce, Retail Walmart Closes Hayneedle and Consolidates Allswell Operations under Walmart.com Posted On: 9/21/2023 Online home furnishings brand Hayneedle has been closed by Walmart and its Allswell, a direct-to-consumer mattress label, has been consolidated under Walmart.com. Executive Moves Executive Moves, Retail Macy’s, Inc. Appoints Olivier Bron as CEO of Bloomingdale’s Posted On: 9/13/2023 Oliver Bron to succeed Tony Spring following his appointment to president and CEO-Elect of Macy’s, Inc. Financial Financial, Retail Bassett Announces Certain Preliminary Financial Results for the Fiscal Third Quarter Posted On: 9/6/2023 The company reported that consolidated net sales for the quarter ended August 26, 2023 were approximately $87 million or 26% lower than the corresponding period in 2022, Financial, Retail Kirkland's Home Reports Second Quarter 2023 Results Posted On: 9/6/2023 The retailer reports net sales decreased to $89.5 million, while gross profit margin improved 140 basis points year-over-year to 19.5%. Financial, Retail RH Reports Second Quarter 2023 Results Posted On: 9/8/2023 Company reports that its operating margins increased and that it will continue to expand the RH brand globally, address new markets locally, and transform our North American Galleries. Retail Fashion, Retail Banana Republic Celebrates the Launch of BR Home Posted On: 9/6/2023 Banana Republic celebrates the launch of BR Home, which expands across bedroom, living room, and dining room furniture as well as lighting and home décor,  Financial, Retail Bassett Announces Certain Preliminary Financial Results for the Fiscal Third Quarter Posted On: 9/6/2023 The company reported that consolidated net sales for the quarter ended August 26, 2023 were approximately $87 million or 26% lower than the corresponding period in 2022, Retail Big Lots Home Test Stores Open In 10 Locations Posted On: 9/23/2023 Bargains galore on cross-category furniture, home décor, sleep and more, with departments organized by room, and product categories – like rugs. E-Commerce, Retail Ernesta Launches Custom-Sized Rugs across US, Following Successful Invite-Only Beta Program Posted On: 9/6/2023 Financial, Retail Kirkland's Home Reports Second Quarter 2023 Results Posted On: 9/6/2023 The retailer reports net sales decreased to $89.5 million, while gross profit margin improved 140 basis points year-over-year to 19.5%. Executive Moves, Retail Macy’s, Inc. Appoints Olivier Bron as CEO of Bloomingdale’s Posted On: 9/13/2023 Oliver Bron to succeed Tony Spring following his appointment to president and CEO-Elect of Macy’s, Inc. Retail NFM Announces New Store Location in Austin Suburb Posted On: 9/25/2023 Nebraska-based home retailer NFM (Nebraska Furniture Mart) announced plans to open a 1.2 million square foot store -- its fifth -- located in the Austin area, in late 2026. Retail NRF Announces Acquisition of Reverse Logistics Association Posted On: 9/7/2023 The National Retail Federation announced its acquisition of the Reverse Logistics Association, a global trade association for the returns and reverse industry.  Retail Retailers Expect Pick Up in Area Rug Sales Heading into Q4 Posted On: 9/19/2023 In this executive report, RugNews.com checks in with of a range of retailers from Nebraska Furniture Mart to Carpet Exchange to find out how area rugs are performing and to take the pulse of Q4 2024 expectations. Financial, Retail RH Reports Second Quarter 2023 Results Posted On: 9/8/2023 Company reports that its operating margins increased and that it will continue to expand the RH brand globally, address new markets locally, and transform our North American Galleries. Retail U.S. Retail Sales Expected to Grow 3.7% This Holiday Season Posted On: 9/19/2023 Mastercard SpendingPulse expects U.S. retail sales to grow 3.7% this holiday season. E-Commerce, Retail Walmart Closes Hayneedle and Consolidates Allswell Operations under Walmart.com Posted On: 9/21/2023 Online home furnishings brand Hayneedle has been closed by Walmart and its Allswell, a direct-to-consumer mattress label, has been consolidated under Walmart.com. Social Responsibility Social Responsibility Beni Rugs Announces Go-Fund-Me Fundraiser for Moroccan Earthquake Victims Posted On: 9/14/2023 The Beni Rugs Rebuilding Fund will provide emergency relief to residents of hardest hit areas and the company is donating aside 5 percent of September and October revenue to this cause. Show Events, Social Responsibility Loloi to Receive HEARTS Award at 34th ARTS Awards Posted On: 9/26/2023 Loloi was nominated for the HEARTS Award by Gift for Life, the charitable organization raising funds for hunger relief via its Home Vs. Hunger initiative.

Fashion Fashion, Retail Banana Republic Celebrates the Launch of BR Home Posted On: 9/6/2023 Banana Republic celebrates the launch of BR Home, which expands across bedroom, living room, and dining room furniture as well as lighting and home décor,

People Designers Designers, E-Commerce Rugs USA Announces Designer Collaboration with Prabal Gurung Posted On: 9/21/2023 In his exclusive collection with Rugs USA, award-winning fashion designer Prabal Gurung brings the rich artistry seen in his work on the runway to his area rug designs.

Shows High Point High Point, Show Events, Show News & Business ANDMORE’s High Point Market Features Education & Events for Fall 2023 Posted On: 9/17/2023 ANDMORE announces robust programming complete with more than 40 webinars, events, presentations and seminars – including 17 CEU-eligible courses – available before and during the Fall High Point Market. High Point, Show News & Business Eight “Market Pros” to Highlight ANDMORE Properties at High Point Market Posted On: 9/25/2023 ANDMORE has selected eight design moguls as “Market Pros” to lead the journey through the best of High Point Market’s permanent showrooms and temporary exhibits. High Point, Show Events HPMA Releases Fall Market Event Schedule at The Point Posted On: 9/5/2023 The High Point Market Authority releases its fall market programming and events scheduled for HPMA’s branded pop-up venue The Point High Point, Show News & Business HPMA Slated to Receive $9M Investment from the State of North Carolina Posted On: 9/25/2023 High Point Market Authority receives $9 million in funding to bolster infrastructure for High Point’s expanding Market District. High Point, Show Events Karastan Rugs to Sponsor HPMKT Keynote Event with “Queer Eye” Host And Interior Designer Bobby Berk Posted On: 9/25/2023 Karastan Rugs is sponsoring the fall High Point Market Oct. 15 Keynote event featuring designer and TV celebrity Bobby Berk. International International Carpet Design Awards 2024 Accepting Applications Through Nov. 3 Posted On: 10/27/2023 The Carpet Design Awards 2024 is accepting handmade carpet design submissions -- the deadline for applications is November 03, 2023. New York New York, Previews Loloi Doubles Size of its New York Market Showroom Posted On: 9/7/2023 Loloi is growing its New York showroom located at 260 Fifth Ave. to 12,000 square feet, from 6,000 feet, to accommodate its expanding product assortment. New York, Show Recap Mass Merchants & Big Box Buyers Snap Up Style and Performance at NY Home Fashions Market Posted On: 9/26/2023 In this exclusive showroom tour, RugNews brings you the top styles, trending colorations, weaves and constructions that delivered at the fall New York Home Fashions Market. New York, Previews Nourison Home Introduces Rugs Woven from Recycled Yarns and a Harmonious Range of New Styles at New York Market Posted On: 9/7/2023 New York, Previews Rug Introductions Amp Up Value at New York Home Fashions Market Posted On: 9/8/2023 The New York Home Fashions Market kicks off Sept.11 and area rug showrooms, expecting a brisk market, are rolling out a range of innovative collections driven by top trends to boost value and help major retailers meet goals. New York, Previews, The Rug Show The Rug Show 2023 Lineup Includes 25 Luxe Exhibitors Posted On: 9/5/2023 Among the new hand-knot specialists joining the Rug Show at the Meadowlands Expo Center are Kalaty, Momeni, Liberty Rugs and more, bringing the tally to 25. New York, Show Recap The Rug Show’s Shoppers Stock Up on Fresh Fashion and Quality Antiques for Upscale Consumers Posted On: 9/29/2023 The Rug Show 2023, held at the Meadowlands Expo Center in Secaucus, New Jersey, presented fresh fashion-forward looks alongside beautiful antique rugs for the all-important fall home decorating season. Previews New York, Previews Loloi Doubles Size of its New York Market Showroom Posted On: 9/7/2023 Loloi is growing its New York showroom located at 260 Fifth Ave. to 12,000 square feet, from 6,000 feet, to accommodate its expanding product assortment. New York, Previews Nourison Home Introduces Rugs Woven from Recycled Yarns and a Harmonious Range of New Styles at New York Market Posted On: 9/7/2023 New York, Previews Rug Introductions Amp Up Value at New York Home Fashions Market Posted On: 9/8/2023 The New York Home Fashions Market kicks off Sept.11 and area rug showrooms, expecting a brisk market, are rolling out a range of innovative collections driven by top trends to boost value and help major retailers meet goals. New York, Previews, The Rug Show The Rug Show 2023 Lineup Includes 25 Luxe Exhibitors Posted On: 9/5/2023 Among the new hand-knot specialists joining the Rug Show at the Meadowlands Expo Center are Kalaty, Momeni, Liberty Rugs and more, bringing the tally to 25. Show Events Show Events, Show News & Business ANDMORE Presents Six Tours During Fall High Point Market Posted On: 9/27/2023 ANDMORE will provide six tours at this fall’s High Point Market, offering buyers the opportunity to enhance market discovery through guided education.  High Point, Show Events, Show News & Business ANDMORE’s High Point Market Features Education & Events for Fall 2023 Posted On: 9/17/2023 ANDMORE announces robust programming complete with more than 40 webinars, events, presentations and seminars – including 17 CEU-eligible courses – available before and during the Fall High Point Market. High Point, Show Events HPMA Releases Fall Market Event Schedule at The Point Posted On: 9/5/2023 The High Point Market Authority releases its fall market programming and events scheduled for HPMA’s branded pop-up venue The Point High Point, Show Events Karastan Rugs to Sponsor HPMKT Keynote Event with “Queer Eye” Host And Interior Designer Bobby Berk Posted On: 9/25/2023 Karastan Rugs is sponsoring the fall High Point Market Oct. 15 Keynote event featuring designer and TV celebrity Bobby Berk. Show Events, Social Responsibility Loloi to Receive HEARTS Award at 34th ARTS Awards Posted On: 9/26/2023 Loloi was nominated for the HEARTS Award by Gift for Life, the charitable organization raising funds for hunger relief via its Home Vs. Hunger initiative.  Show Events, Show News & Business Maria Mullen to Receive ARTS Awards Academy of Achievement Honor Posted On: 9/21/2023 CEO of Hubbardton Forge to accept industry’s highest accolade at 34th ARTS Awards. Show News & Business Show Events, Show News & Business ANDMORE Presents Six Tours During Fall High Point Market Posted On: 9/27/2023 ANDMORE will provide six tours at this fall’s High Point Market, offering buyers the opportunity to enhance market discovery through guided education.  High Point, Show Events, Show News & Business ANDMORE’s High Point Market Features Education & Events for Fall 2023 Posted On: 9/17/2023 ANDMORE announces robust programming complete with more than 40 webinars, events, presentations and seminars – including 17 CEU-eligible courses – available before and during the Fall High Point Market. High Point, Show News & Business Eight “Market Pros” to Highlight ANDMORE Properties at High Point Market Posted On: 9/25/2023 ANDMORE has selected eight design moguls as “Market Pros” to lead the journey through the best of High Point Market’s permanent showrooms and temporary exhibits. High Point, Show News & Business HPMA Slated to Receive $9M Investment from the State of North Carolina Posted On: 9/25/2023 High Point Market Authority receives $9 million in funding to bolster infrastructure for High Point’s expanding Market District. Show Events, Show News & Business Maria Mullen to Receive ARTS Awards Academy of Achievement Honor Posted On: 9/21/2023 CEO of Hubbardton Forge to accept industry’s highest accolade at 34th ARTS Awards. Show News & Business Record Number of New and Expanded Home and Design Exhibitors to Debut in Dallas Posted On: 9/28/2023 Surya among the more than 30 showrooms and expanded Temps to be unveiled at the January 2023 Dallas Market. Show Recap New York, Show Recap Mass Merchants & Big Box Buyers Snap Up Style and Performance at NY Home Fashions Market Posted On: 9/26/2023 In this exclusive showroom tour, RugNews brings you the top styles, trending colorations, weaves and constructions that delivered at the fall New York Home Fashions Market. New York, Show Recap The Rug Show’s Shoppers Stock Up on Fresh Fashion and Quality Antiques for Upscale Consumers Posted On: 9/29/2023 The Rug Show 2023, held at the Meadowlands Expo Center in Secaucus, New Jersey, presented fresh fashion-forward looks alongside beautiful antique rugs for the all-important fall home decorating season. The Rug Show New York, Previews, The Rug Show The Rug Show 2023 Lineup Includes 25 Luxe Exhibitors Posted On: 9/5/2023 Among the new hand-knot specialists joining the Rug Show at the Meadowlands Expo Center are Kalaty, Momeni, Liberty Rugs and more, bringing the tally to 25.