Posts Tagged ‘rugs and flooring nc’

‘Tis the season to be optimistic

Tuesday, December 8th, 2009

The holiday season is upon us and a new survey from American Express  reveals that 53% of consumers have intentions on spending more or the same on holiday gifts this year compared to a year ago. This is welcome news for economy and retailers.

According to Deloitte’s 24th Annual Holiday Survey, 54% of Americans expect the economy to improve in the upcoming year. And, this has consumers starting to show optimism in their shopping plans. In line with results from the American Express survey, 51% of respondents in Deloitte’s survey said they hope to spend more or the same on the holidays.

So, what will consumers purchase this season? The National Retail Federation found in their November Consumer Intentions and Actions survey that 58% of adult consumers plan to purchase clothing or clothing accessories as gifts, 55% plan to purchase electronics or computer-related accessories and 42% plan to purchase toys. More important to our industry is that 17% of adult consumers plan to buy home décor or home-related furnishings as gifts this season. And, even when the purchase is not a gift, Deloitte’s survey found consumers are willing to increase spending on home/holiday furnishings.

According to Stacy Janiak, Vice Chairman of Deloitte’s U.S. Retail division, consumers will continue to demonstrate a change in shopping habits, due to the economy. However, they now seem to have an interest in revisiting shopping categories they had previously placed on the back burner. “We have seen key economic indicators ease from their worst levels, helping to put more resources back into Americans’ pockets. As a result, a cautious upturn in sentiment may draw consumers out of their bunkers, turn their focus away from saving and debt reduction, and encourage them to do some holiday shopping for their homes, family and friends.”

What’s helping to fuel enthusiasm among consumers this holiday season? Some say the Internet and social media such as Twitter and Facebook have captured the consumers’ attention and brought excitement back into holiday shopping. According to Shop.org, retailers are creating promotions and incentives to help Americans with their shopping this season. They’re jumping aboard, ramping up their web sites and increasing their use of social media in hopes that it will lead to more sales this season. In other words, they’re letting their online presence shine. In fact, Shop.org’s eHoliday survey revealed 47% of online retailers will be increasing their use of social media this holiday season due to the consumers’ interest in these types of sites.

According to American Express, 79% of consumers intend to use the Internet as a holiday shopping tool this year and 45% will use the Internet to purchase items.

So, let’s be joyfully optimistic going into this holiday season.

 

Source: www.furnituretoday.com

www.HowardsFurnitureandDecoratingCenter.com

Simmons, Serta debt will top $1B even after trim

Thursday, December 3rd, 2009

The soon-to-be parent company of bedding majors Simmons and Serta will have more than $1 billion in long-term debt once Simmons emerges from bankruptcy protection, according to documents filed in U.S. Bankruptcy Court here.

Simmons currently has about $1 billion of debt of its own, but more than half will be wiped out under the proposed bankruptcy reorganization.

The documents say Simmons and Serta will be operated as separate entities. However, several key financial measures are combined because the new parent, an affiliate of Serta owners Ares Capital and the Ontario Teachers’ Pension Fund, is projecting significant cost savings from the new ownership structure.

The documents were filed as part of Simmons’ prepackaged Chapter 11 reorganization in anticipation of Simmons being acquired by Serta’s owners.

A footnote to the statement projects Simmons’ sales in 2010 at $950 million to $960 million. A separate document projects Serta Holding’s 2010 sales at $797 million. That would put the combined companies’ sales at $1.75 billion to $1.76 billion next year — an increase of 5.8% to 6.4% from 2009.

As a standalone company, Simmons sales are projected to be $903.1 million for this year, down 12.2% from 2008.

Serta Holdings’ projected sales for this year are $742.3 million, down 8.6% from 2008. Serta Holdings generates more than 80% of the sales of the Serta brand nationally.

The financial projections, which assume the acquisition will be closed on March 15, show the two companies with approximately $1.048 billion in long-term debt on that date. Of that total, Serta’s debt is projected at $599.6 million and Simmons is forecast at $448 million.

The court documents show Serta had $624.4 million in debt as of Sept. 30, and project that figure will fall to $613.5 million by the end of this year.

According to the projections, debt for the new parent company would fall to $1.005 billion by the end of 2010. From there, it would fall steadily to $815.8 million by the end of 2013.

During that same period, the parent company’s cash position would rise steadily from $182 million at the end of 2010 to $443.4 million by the end of 2013, the projections show.

Source: www.furnituretoday.com

www.HowardsFurnitureandDecoratingCenter.com

Spring House Painting? Think Historic Colors

Monday, November 16th, 2009

Each spring millions of Americans set about updating their home’s exterior with a new coat of paint. According to color specialist Robert Schweitzer they should strongly consider historic colors. “Many homes are either blandly or badly colored, thereby ignoring the architectural features or hiding them in a monochrome scheme of white or taupe,” says Schweitzer, author of “Bungalow Colors” (ISBN: 1-58685-130-6) and owner of a consulting business, Historic Color Consulting (www.historichousecolors.com).

Employing period colors on an older home brings back to life the lost features and provides fresh curb appeal usually missing in most neighborhoods. Many homeowners will just repaint with the existing color or fall back to white or taupe – safe colors because they can’t visualize anything better. Most national paint brands have a line of historic colors. Combine these with a little research on color placement or a consultation with a professional color expert and the results will be dramatic. The new paint scheme does not have to be garish. People think wild “Painted Lady” when they visualize historic colors, but in fact most historic schemes are calm and employ “grayed-colors.” All types of architecture from Colonials, to nineteenth century Victorians, Bungalows, Craftsman’s and Retro Ranches can benefit from using colors that were originally designed for them.

A comparison, Schweitzer notes “A 1968 Camero RS would look better in its original red with its white nose and pin stripes than in a modern silver color. The car was designed to be flashy and racy; architecture is the same way.” Allow the house to be what it was intended to be. Stark white colored Victorians rob the viewer of the chance to appreciate the intricate woodwork and to see how the house was meant to be seen in the nineteenth century.

Schweitzer is a nationally recognized color expert offering assistance to homeowners and businesses via email and specializes in historic buildings. “Any building over fifty years old is considered historic in American. But historic colors can be applied to contemporary buildings. I recently convinced a homeowner with a 1980s modern house to use colors from the 1880s, the result was stunning.”

When thinking of a new paint scheme remember to consider weather the roof and foundation are warm or cool tones before picking your body color? Is the house situated against trees, other buildings, or just the sky? How far the house site from the street is another consideration as homes that sit back from the road can take brighter colors than ones close to the curb. Determine what percent the front façade is of the body, and so forth for the trim, porch and windows. Each one of these factors contributes to a decision of how much color they can take and still feel in balance with the other elements. Bright red windows against a stark white trim on a building close to the street may not be the best combination even though they are your favorites.

About Historic Color Consulting

Robert Schweitzer has taught architectural history and historic preservation for over 25 years. He is Director of Research for the Arts & Crafts Society and a writer for Victorian Homes magazine. He performs consulting services for homeowners, architects and businesses in the areas of historic paint colors. By knowing the architectural history of your building, he can develop paint schemes that reflect the original intent of its design and highlight important design features.

Source: www.send2press.com

www.HowardsFurnitureAndDecoratingCenter.com