Main Menu
Home
In the News
Special Contributors
Special Report - Bedding
Sponsors
Events Calendar
Classifieds
Advertising
Contact HGO
Home
follow-on-twitter
Merchandiser Spring 2014
Merchandiser Winter 2013
2014 Product Guide
Research Store

Canada Counts
CanadaCounts-Badge-Sept2012.fw
A survey of Canadian buying intentions.
Purchase Report

 

Syndicate

Please Update Your HGO Profile

BRIGHTON, Ontario (30 June 2014) – Home Goods Online wants to improve our news delivery service for everyone in Canada’s furniture, mattress, major appliance and consumer electronics industries. So, we’re not only signing on with a new service provider but we’re asking each of our readers to give us a few moments of his or her time to update their individual profile.

Doing so will not only ensure that HGO is in compliance with current federal legislation, but will strengthen our connection with you, the reader.

Click here to update your profile.  It will only take a few moments of your time.

Here at Home Goods Online, our only mission is to keep every member of Canada’s furniture, mattress, major appliance and consumer electronics industries up-to-date on issues of vital importance as well as the news everyone needs to know, regardless of your role: retailer, manufacturer, distributor/importer, sales rep or other industry professional.

Thank you for your help.

Update Your Profile Now
Bestar reports Q2 sales uptick PDF Print E-mail
Written by HGO Staff   

LAC-MEGANTIC, Quebec (18 August 2011) - The successful launch of a promising new collection bolstered ready-to-assemble furniture specialist Bestar's sales for the second quarter and helped narrowed its net loss, the company has report.

For the period ending June 30, Bestar had revenues of $7.8 million, a 9.1% gain over the $7.2 million reported for same period last year. The net loss narrowed to $130,243 or one cent per share, compared to the prior period's loss of $736,941 or six cents per share.

"Sales in Canada rose by 35.5%, driven by a seasonal introduction of a new promising collection with a major customer," the company said in a statement, adding, "However, U.S. sales declined 14.9%. One third of this decline is attributable to the falling U.S. dollar."

Bestar also noted the results for the second quarter of 2010 was negatively impacted "by the abrupt end of a promotion with a major customer."

Bestar president Daniel Mercier cautioned shareholders not to expect great gains over the remaining months of 2011.

"The strength of the Canadian dollar coupled with a weak North American economic recovery in our business segment will limit growth perspective for the next few months," he wrote in his note.

"Bestar's management continue to execute its action plan for the recovery of its financial position. Given that no significant improvement in sales is expected for several months, every effort, including the search for strategic partners, will continue to be made to maintain and improve the current situation," he continued, adding, "Although our results are still below expectations, the restructuring of our operations progressively undertaken during 2010 allows us to publish, for a fourth consecutive quarter, better results than the previous quarters."

<Previous   Next>
Banner
Banner

 

 .

Banner
 
Banner
Banner
HGO Merchandiser
Banner