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Canada Counts
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A survey of Canadian buying intentions.
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Today's Top Stories
IKEA Canada gets new president
People in the News
Written by Michael J. Knell   

BURLINGTON, Ontario (29 October 2014) - Company veteran Stefan Sjöstrand has been named president of IKEA Canada, this country's second largest and fastest growing furniture retailer.

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Magnussen to move HPM showroom
Furniture Scene
Written by HGO Staff   
HIGH POINT, North Carolina (27 October 2014) - Full-line furniture resource Magnussen Home Furnishings will move to a larger space in the Main Wing of the International Home Furnishings Market here in time for spring 2015 edition of the High Point Market.
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Confidence falls in October
By the Numbers
Written by HGO Staff   
OTTAWA (28 October 2014) - The Conference Board of Canada's national Index of Consumer Confidence fell for a second consecutive month and for the fifth time in the last six months, as Canadians took note of a slew of disappointing economic news. Not surprisingly, the major purchases took a particularly hard hit, venturing into negative territory for the first time since February.
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Other News
Resale market falls in September
OTTAWA (27 October 2014) - On a national and month-over-month basis, home sales fell 1.4% from August to September, according to the latest data from the Canadian Real Estate Association (CREA), although they were up 10.6%  on an actual year-over-year basis for the ninth month of the year.
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James Reid: Behaving with integrity

FROM THE HGO MERCHANDISER

It's been said the overwhelming majority of new business start-ups are lucky to reach their fifth anniversary. To reach that milestone 32 consecutive times under the ownership and management of four generations of a single family is truly remarkable. It's so rare there are barely a handful of furniture retailers across North America who can claim membership in this truly elite club. Indeed, some experts maintain only 3% of all family-owned businesses, regardless of the category in which they complete, make it to the fourth generation.

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BG secures new investment
WALKERTON, Ontario (21 October 2014) - BG Furniture has secured an initial $750,000 in ‘gross sales royalty' financing from Grenville Strategic Royalty Corporation. The funds will be used to support the solid wood case goods producer's sales growth and market expansion plans.
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GLR big ticket sales up again in August
OTTAWA (22 October 2014) - Statistics Canada's Group of Large Retailers (GLR) saw sales increase on a month-over-month basis in all major big-ticket home categories in August with the sole exception of major appliances. All five recorded improvements year-over-year.
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Picture of the Day
Jaymar-Luna

The Luna (seen here) is the part of the first collection designed for Jaymar by the well-known U.S. based furniture designer Stanley Jay Freidman. It will be unveiled at this week’s High Point Market as part of new owner Daniel Walker’s growth plan for the Montreal-based upholstery market. Click here for details.


 

 

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