AMERICA'S RESEARCH GROUP RAISES CHRISTMAS SALES FORECAST CHARLESTON, SC – America’s Research Group (ARG) raised its annual Christmas retail forecast to -2.8% from -3.5% based. The revised forecast was based on Wal-Mart’s domination of Christmas shopping this season, according to C. Britt Beemer, chief executive officer and founder of ARG.
CARPET & RUG INSTITUTE SUPPORTS HOUSING RECOVERY GROUP DALTON, GA – The Carpet and Rug Institute (CRI) has joined Fix Housing First, a coalition formed to push for a housing recovery plan to revive the economy.
Rugnews.com Guest Editorial: THREE WAYS TO START AND STAY IN BUSINESS
By Tricia Browning Dimon President, Design Group LaGrange, GA
If you’re reading this report then you’re where I was at one time. Many times and for various reasons, people find themselves thinking about a new career and working for themselves. Here are three steps to help you through the process.
Happy holidays from Lissa Wyman, editor and publisher of Rugnews.com. The handsome hand-tufted holiday rug is a gift from Sandesh Suneja of Holy Consultancy, Bhadohi, India. The design was fashioned by Suneja's daughter. Thanks for giving us a way to send greetings to all our friends around the world! Peace on Earth.
Rugnews.com Top 20 News Stories of 2008: 2008 WAS A YEAR OF RE-INVENTION AS RUG INDUSTRY PREPARES FOR MAJOR CHANGES IN YEARS AHEAD
By Lissa Wyman
The top news events of 2008 tells a story of an industry in transition. The rules of the game are changing rapidly, and the major players are re-inventing themselves to prepare for a future that will have little resemblance to the old ways of doing business. We invite you to enjoy our top 20 Picks, and please feel free to comment and discuss!
OVER 8,000 VISITORS ATTEND INTERIOR LIFESTYLE CHINA 2008
SHANGHAI, CHINA – Interior Lifestyle China 2008 attracted over 8,000 visitors from 35 countries and regions, according to fair organizers. The event was held Nov. 19 to 22, at the Shanghai Exhibition Center.
WOOLS OF NEW ZEALAND TO LAUNCH SUSTAINABILITY CAMPAIGN AT SURFACES 2009
MARBLE HILL, GA – Wools of New Zealand will launch its new earth-friendly promotional campaign, Naturally Sustainable Beauty, during the Surfaces Expo, Feb. 3 to 5, 2009. Described as a "flock-to-floor" initiative, the program will kick off in the Wools of New Zealand showroom 5327 at the Sands Expo and Convention Center in Las Vegas.
NEW DELHI, INDIA – The India Carpet Expo is scheduled for February 12 to 15, 2009 at Pragati Maidan New Delhi. The ICE event will showcase a variety of handmade rugs and other floor coverings in a broad range of traditional and contemporary designs.
ATLANTA – Smyrna Trading, Inc. has expanded its Americasmart showroom 6-D-3 to prepare for continued growth in 2009. During the International Area Rug Market, Jan. 7 to 12, the company will showcase its one-of-a kind and programmed handmade carpets in more than 3,000 sq. ft. of floor space.
AMERICASMART UNVEILS NEW CONFERENCE CENTER IN JANUARY
ATLANTA, GA – Americasmart will unveil its new Building 2, WestWing Conference Center this January. The four new floors add more than 220,000 sq. ft. of conference and tradeshow space to the facilities.
WORLD MARKET CENTER’S FORECAST SERIES TO BE PRESENTED AT FEB. MARKET
LAS VEGAS – World Market Center will unveil its Forecast series, designed to educate, inform and enlighten attendees on the latest trends and developments in the home furnishings industry during the Las Vegas Market, Feb. 9 to 13.
AMERICASMART LICENSE & DESIGN SHOW FEATURED IN JANUARY 2009
ATLANTA -- Americasmart will bring together artists and licensing agencies in a new temporary exhibition during the upcoming Gift, Home Furnishings & Rug Markets. Americas Mart License & Design will be featured Jan. 9 to 11, 2009 in Building 2.
NORCROSS, GA – Amer Rugs has moved to 5-A-11 in Building 1 of Americasmart. The company has moved to new and larger showroom for better exposure to retailers attending the Atlanta International Area Rug Market, Jan. 7 to 12, according to the company.
CLEVELAND'S ABRASH GALLERY THRIVES WITH ECLECTIC MERCHANDISING, FUN PROMOTIONS AND 'NO-SALE' POLICY
By Denise Gallagher
CLEVELAND HEIGHTS, OH. – Although "Abrash" is a term that most people in the rug world associate with fine weavings, rugs are not the entire story at Tuba Gokoglu's Abrash gallery here. The store is thriving as a result of multiple-category merchandising, unique promotional activity and a "no-sale" policy.
ONLINE VIDEO REPORT: RETAIL ANALYST BRITT BEEMER SPEAKS TO FOX BUSINESS NEWS ON GRIM RETAIL OUTLOOK
CHARLESTON, SC – Retail analyst Britt Beemer recently spoke with Fox Business anchor Alexis Glick on the grim outlook for retailers this season. He was joined by Mary Ann Wilson, editor of Chain Store Age. To view the video of this discussion, click here.
MACY’S ONLINE SALES ENHANCE INTEGRATION WITH BRICK AND MORTAR STORES
CINCINNATI, OH – A series of customer-focused improvements have integrated Macy's bricks-and-mortar stores with its online businesses macys.com and bloomingdales.com, according to Terry Lundgren, chairman, president and chief executive officer of Macy's, Inc.
CINCINNATI – Macy's, Inc. has entered into an agreement to amend its existing bank credit agreement, led by Bank of America and J.P. Morgan. The size of the company's credit facility ($2 billion) and its maturity date (Aug. 31, 2012) remain unchanged. This provides substantial liquidity for the company to weather the current economic downturn, according to the company.
ONLINE VIDEO REPORT: RETAIL ANALYST BRITT BEEMER SPEAKS TO CNBC ON BLACK FRIDAY (REDUX)
CHARLESTON, SC – Retail analyst Britt Beemer recently spoke with CNBC on how retailers are desperately trying to lure post-Christmas shoppers. He was joined by Scott Krugman, vice president of National Retail Federation. To view the video of this discussion, click here.
LOLOI TO CELEBRATE FIFTH ANNIVERSARY, ATLANTA SHOWROOM EXPANSION
DALLAS – Loloi Rugs will celebrate its fifth anniversary and expanded AmericasMart showroom with a cocktail party January 8, during the Atlanta International Area Rug Market featuring The National Oriental Rug Show.
DALLAS– Feizy Rugs will launch the newest version of its website, www.feizy.com, in January 2009. The new site was completely revamped and was one of the last projects overseen by the late Jeanne Carroll, Feizy’s director of advertising and marketing.
DALLAS – Feizy Rugs has published the latest version of its Feizy Home catalogue. The new 360-page Winter 2009 catalogue features nearly 300 hand knotted, hand tufted and power loomed rugs in single-rug photos and lifestyle images.
MOMENI TO MOVE INTO 13,000 SQ.FT. SHOWROOM IN AMERICASMART ATLANTA
CARLSTADT, NJ -- Momeni will relocate its AmericasMart showroom in Atlanta to a 13,000 sq. ft. anchor space (5-A-2) on the Fifth Floor of the Area Rug Center, according to Reza Momeni, president of the rug importing company.
NOURISON BECOMES PARTNER IN US CUSTOMS SECURITY PROGRAM
SADDLE BROOK, NJ – Nourison has become a C-TPAT partner with U.S. Customs and Border Protection. Under the program (Customs-Trade Partnership Against Terrorism), Nourison has implemented security procedures that help secure the global supply chain.
INDIAN GOVERNMENT AWARDS SURYA NIRYAT SHREE TROPHY
CALHOUN, GA – Surya Inc. has been recognized by the Government of India and the Ministry of Commerce’s Federation of Indian Export Organizations (FIEO) for its excellence in exports. The award was receiving during a ceremony held on December 16, in Vigyan Bhawan, New Delhi.