Monday, December 31, 2012

Surya Joins Hands Sustainable Furnishings Council

Surya has announced its membership in the Sustainable Furnishings Council. Surya joins a group of progressive home furnishings industry players to promote sustainable practices across all levels of the chain, from manufacturing to the retailer and end-consumer.

The Sustainable Furnishings Council was formed in 2006 to act as a valuable repository of knowledge on a number of issues concerning sustainability and provide up-to-date guidelines for best practices. "We are delighted to have welcomed Surya into Sustainable Furnishings Council membership - they are a dynamic company, bringing unique energy to their product development and marketing efforts. The company's profound commitment to excellence will result in responsibility to the cause, as well as to their customer," says Susan Inglis, Executive Director of the Sustainable Furnishings Council.

Surya has been increasing its collection of products made out of natural materials – recognizing the growing need in the market for sustainable products. “As a home accessories manufacturer, we look for ways to work smarter and eliminate waste wherever possible within the supply chain. Joining the SFC organization will give us more tools to affect industry change and a platform to share valuable information with other manufacturers and retailers,” says Surya President, Satya Tiwari.

Surya will be showcasing numerous rugs and poufs made out of natural materials during the upcoming Atlanta and Las Vegas winter markets.

Friday, December 21, 2012

Herman Miller Reports Decrease in Sales

Herman Miller, Inc. today announced results for its second quarter ended December 1, 2012. The company reported net sales in the quarter of $441.8 million; a decrease of 0.9% from the same quarter last fiscal year. New orders in the second quarter of $475.8 million were 8.1% higher than the prior year. Sequentially, net sales in the quarter decreased 1.8% from the first quarter of this fiscal year, while orders were up 5.3% over the same period.

Herman Miller reported second quarter diluted earnings per share of $0.14. This compares to $0.41 per share in the same period of fiscal 2012. The company’s earnings this quarter were reduced by non-cash charges associated with the strategy to terminate its domestic defined benefit pension plans and expenses associated with previously announced restructuring actions. Excluding the impact of these items, adjusted diluted earnings per share in the second quarter of fiscal 2013 were $0.35.

Brian Walker, Chief Executive Officer, stated, “While the quarter’s sales came in below our expectations, we see progress and momentum in our strategy, evidenced by solid growth in consolidated orders and backlog. A combination of factors contributed to lower than anticipated sales in the quarter, including long-leadtime orders, disruption caused by the East Coast storm, and further weakening of demand in Europe. However, we’re encouraged by the increased order activity reported by each of our segments and by the particular strength of our key growth initiatives.”

Tuesday, December 18, 2012

Nova LifeStyle Redesigns Showroom

Nova LifeStyle, Inc.,  a rapidly growing US based designer, manufacturer and global distributor of urban contemporary furniture, announced that it has completed extensive renovations at many of its 100 franchise stores in China, in preparation for what is expected to be a long and successful New Year's sales season.

Ms. Tawny Lam, president of Nova LifeStyle, noted further, "We actually are now looking at achieving some mattress sales ahead of schedule in December this year, which should strengthen our sales as well as our margins heading into the New Year. The response from franchisees and customers to the initial products we've shipped thus far has been outstanding and we remain very excited about the contribution these new products will make to our already strong growth."

She added, "Together with the start up of our OEM sales in China to IKEA, which should add $20-$25 million to our top line in 2013, we see direct sales to consumers through our chain of franchised stores becoming a much bigger percentage of our total sales in China, especially as the anticipated economic recovery there begins to take hold."

The Company said it will be supporting holiday sales with an extensive ad campaign, with particular emphasis on the Internet, and sees Internet sales contributing increasingly to growth as well.

Source: Market Wire

Saturday, December 15, 2012

New Showroom In Atlanta For Surya

Surya announces its move to an expansive new 13,500 square foot showroom in Atlanta’s AmericasMart complex. Located at 11-A-1, the new showroom will double the brand’s square footage at the popular rug and home accessories market. "We’re excited about this expansion. The larger space on the home accessory geared 11th floor will allow us to showcase a complete range of Surya’s lifestyle products in a more convenient location," says Surya President, Satya Tiwari.

On an aggressive growth track to expand the company’s reach over the next five years, the Atlanta move follows Surya’s Spring 2012 move into a massive new 26,000 square foot High Point flagship location at Showplace 4100, as well as expansion into smaller regional shows such as the Tupelo Furniture Market. The company’s product breadth has also evolved in recent years to become a complete home accessories solution for retailers – with the addition of pillows, throws, poufs and wall art to coordinate with the brand’s expansive line of area rugs.

"Across every aspect of its brand, Surya epitomizes innovation," notes Jeffrey L. Portman, Sr., AmericasMart Atlanta President and Chief Operating Officer. "Its forward-reaching product mix, design aesthetic and marketing indicatives define a company both grounded in tradition and compelled to the future. We expect to see all of this and more, showcased in Surya’s expanded space," adds Portman. The new space will open its doors for the Atlanta International Gift & Home Furnishings Market® beginning on January 9.

Las Vegas Market 2013 To Be Attended by Top Furniture Brands

Four powerhouse brands within the design industry will open showrooms within Las Vegas Design Center at World Market Center in time for the Winter 2013 Las Vegas Market, scheduled January 28-February 1: Christopher Guy, Stanley Furniture, Julian Chichester/Mr. Brown and Norwalk Furniture.  These four new-to-market showrooms encompass more than 26,000 square.

2013 is slated to be a milestone year for Las Vegas Design Center (LVDC), already regarded as the region’s premier resource for many of the best and most sought after design brands and the home of two bi-annual home furnishings markets.  According to Paul Watson, vice president of LVDC, 2013 is shaping up to be a banner year that brings some of the most exciting, innovative and well-respected design names to the 40-plus showroom center that caters to the interior design trade.  

These brands join the center’s existing design stars open year-round, including Robert Allen│Beacon Hill, Global Views, Four Hands, Capel Rugs, Palecek, and multi-line showroom LMS Design Group.

World-renowned Christopher Guy will open an 8,184 square-foot showroom on the first floor of Building A, A100. Originally known for a wide-range of decorative mirrors, the Christopher Guy brand has grown into a collection of upholstery, chairs, dining tables, sofas, headboards, office furniture and more.

Next door, bellwether manufacturer Stanley Furniture is set to open two new showrooms in A109 and A110 totaling 11,549 square feet, the company’s first trade showroom expansion west of the Mississippi.British manufacturer Julian Chichester will debut a 2,693 square-foot showroom for its Mr. Brown line in A133.  Upholstered furniture leader Norwalk Furniture is launching a 4,194 square-foot showroom on the second floor of Building A.  Norwalk Furniture offers classic designs, over 850 fabrics and leathers, and highly customizable offerings all made in the USA.

These four new showrooms will be joined by several other major brands scheduled to open later in 2013, making LVDC the premier west coast destination for interior designers and retailers seeking the best in design.

Wednesday, December 12, 2012

IP Filings Growing Globally

A new WIPO report shows that while the global economy continued to underperform, intellectual property (IP) filings worldwide kept growing strongly in 2011. It also finds that China’s patent office became the largest in the world, as measured by the number of patent applications received. Before 2011, China already accounted for most filings of utility models (UMs), trademarks and industrial designs.1

World Intellectual Property Indicators 2012 shows that patent filings worldwide grew by 7.8% in 2011, exceeding 7% growth for the second year in a row. Similarly, UM, industrial design and trademark filings increased by 35%, 16% and 13.3%, respectively.

“Sustained growth in IP filings indicates that companies continue to innovate despite weak economic conditions. This is good news, as it lays the foundation for the world economy to generate growth and prosperity in the future,” said WIPO Director General Francis Gurry.

China’s State Intellectual Property Office (SIPO) overtook the United States Patent and Trademark Office (USPTO) in 2011 to become the largest patent office in the world, after having surpassed the Japan Patent Office (JPO) in 2010. In the 100 years before 2011, only three patent offices – Germany, Japan and the United States - had occupied the position of largest office.

In the Report’s foreword, Mr. Gurry points out that “even though caution is required in directly comparing IP filing figures across countries, these trends nevertheless reflect how the geography of innovation has shifted.”

Industrial design applications worldwide grew strongly over the last two years. In 2011, design filings increased by 16%, following 13.9% growth in 2010. This considerable growth was mostly due to strong growth in China. SIPO accounted for 90% of total growth from 2009 to 2011. The 775,700 industrial design applications filed worldwide in 2011 consisted of 691,200 resident and 84,500 non-resident applications.

Unlike patents, the list of top 20 offices includes 8 offices located in middle-income countries. China – a middle-income country – received the largest number of design applications (521,468) in 2011. Turkey, another middle-income country, received 41,218 filings, which is larger than the number of filings at the JPO or the USPTO. Between 2010 and 2011, the IP offices of China (23.8%), India (16.7%), Mexico (17.2%), Turkey (17.6%) and Ukraine (17.5%) each saw rapid growth in filings.

Thursday, December 06, 2012

New High Point Market Logo Design Features Hashtag

In a bold move, the High Point Market is changing its logo to a more up-to-date image that uses the Market’s hashtag, #hpmkt. The change makes the High Point Market one of the first organizations in the United States to incorporate a hashtag as a main element in its business identity.

“The High Point Market is the premier destination for design enthusiasts, both in retail and in the decorating world,” says Tom Conley, president and CEO of the High Point Market Authority. “The Market’s brand is a solid one, but the former logo didn’t accurately reflect the brand. This new logo showcases something unique, modern, strong, and ahead-of-the curve. Those are words that accurately describe the High Point Market as well.”

According to a recent New York Times article, hashtags are becoming the new URLs and are one of the top search tools on the Internet and social media, accelerating search functionality.

“The Market’s hashtag #hpmkt was already being used on social media as a replacement for the full High Point Market name,” says Cheminne Taylor-Smith, vice president of marketing for the High Point Market. “That gives the HPMkt acronym in the Market’s new logo an immediate recognition factor. And as the logo is used online, it will help increase the SEO for the High Point Market and its website.”

The new logo, designed by the Market Authority’s agency Emisare, offers several styles that showcase the hashtag, as well as the Market’s tagline “The World’s Home for Home Furnishings.” The logo is being unveiled today on the website and throughout all the marketing and collateral for the Market. It will also be used for the High Point Market Authority, the official sponsor and organizer of the High Point Market.