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Rose•Walker represents Southwest Furniture Brokers in courtroom win over Broyhill

DALLAS, June 8, 2011 /PRNewswire/ — A Dallas County jury has awarded more than $1 million after finding that Lenoir, N.C.-based Broyhill Furniture Industries Inc. failed to comply with the terms of a verbal contract it made with Tyler, Texas, furniture liquidator Southwest Furniture Brokers. The jury also found that a Broyhill vice president committed fraud and awarded $1,245,000, including attorneys’ fees.

In 2007, Southwest Furniture agreed to conduct a $20 million Broyhill Manufacturer’s Sale in Grapevine, Texas. In order to prepare for the six-month sale, Southwest was forced to close its operations in Tyler. As part of the agreement, Southwest was promised a 10 percent commission on sales.

Attorneys for Southwest Furniture argued that Broyhill breached the agreement by, among other things, failing to provide the amount of merchandise it promised to make available for the sale. Broyhill also conducted a competing $20 million sale at Big Lots.

“This is not the way you do business and I’m glad the jury saw it that way,” says Rose•Walker partner Ross Cunningham, who along with firm partner Chris McDowell represented Southwest at trial. “In business, if you promise to do something, you have to do it.”

The verdict follows a two-week trial in Judge Carlos Cortez‘s 44th District Court. 

“A deal is a deal,” Mr. McDowell says. “If you’re looking for a lesson in this verdict, that’s it.”

Rose•Walker, L.L.P. is a premier trial law firm, focusing on complex civil litigation. The firm represents businesses and individuals, and its many major courtroom victories have helped Rose•Walker earn a national reputation for excellence. More information about the firm is available at www.rosewalker.com.

For more information about the win by Southwest Furniture against Broyhill, please contact Mark Annick at 214-559-4630 or mark@androvett.com

SOURCE Rose Walker, L.L.P.

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San Francisco, CA (Vocus/PRWEB) June 07, 2011

San Francisco interior design specialist Christine Reddy, owner of Great Finds, a service that sells luxury brands of furniture samples at up to 80% off retail, is often consulted for her expertise in staging a home for sale. She offers steps homeowners can take to improve the look of their home, and explains why small investments like hiring a professional and purchasing a few, quality, discount furniture pieces can make a home much more attractive to potential buyers.

“Try to think of your home almost like a nice hotel-beautiful, light-filled, inviting and comfortable, without being too crowded or reminding you of other families and their personal tastes,” advises Reddy. She urges sellers to store away personal items like photos of trips and relatives, souvenirs, and excessive amounts of accessories. “You won’t believe how much larger your space will feel,” she promises.

Reddy also advises sellers to remove anything with lots of strong color or very busy patterns like rugs, draperies and artwork, and either leave an open space (remember less is more) or replace it with simple patterns, solids and neutral colors. “Color is subjective. Overuse of bold colors, uncoordinated color schemes, too many conflicting patterns, etc. is confusing and takes away from the message you are trying to send. People will be attracted to your home when they are able to envision their belongings there, which is the main objective, after all,” explains Reddy.

Another tip she offers is to cover up those dingy walls. “Paint, paint, paint! It’s inexpensive and covers so many minor flaws, visually and in terms of wall texture. A simple design solution for tired walls. If you don’t have time, hire a professional. It will pay off.”

The process of readying a home for sale can benefit immensely from hiring a design professional. “We often go to clients’ homes and assist them with their pre-sale design dilemmas. It is truly invigorating when we give their lives and homes a boost by transforming otherwise ‘invisible’ personal possessions, furniture and accessories and compose a completely different look,” said Reddy. “We can present a seemingly brand new space by using professional design techniques. Often this can be done without buying or renting ‘staged’ pieces, and just using what you already own.”

This process, which she refers to as “editing,” is highly effective, because the consultant is objective and can see things differently with the benefit of training, experience and good design perspective. This process, which Great Finds offers for a reasonable fee, can be essential to successfully preparing a home for resale, and can actually boost the sale price. Reddy points out, “When you consider that you are better equipped to sell your home faster and at a better price, hiring a designer to assist you with editing and space planning is more effective, easier and less expensive than a total redo.”

For those who need to remove dated and worn furniture, Reddy advises replacing old pieces with current styles that will be enjoyed in the next home. Just a few key pieces that are well-made will enhance the space and play up the great “bones” of a room.

“Great Finds is a super source for those readying their home for sale and looking to get a fresh new look without paying top dollar. We have tons of unadvertised designer furniture and accessory bargains otherwise unavailable to the public. Most nationally known brands of better quality along with designer-name lines are available. We have a shopping service to help you locate the perfect furniture floor samples, in perfect condition, at the right price” says Reddy.

Reddy’s service offers clients exclusive access to the “trade-only” discount furniture of San Francisco Design Center showrooms, where they can save thousands on better name pieces without having to wait for a sale or settle for a knockoff. Great Finds’ offerings are specially chosen for their high quality, super condition, and best value.

“The San Francisco Design Center showrooms have all the current fabrics and finishes that are in demand, only priced at thousands less,” she says. This is an excellent way to make a home for sale attractive to today’s market-savvy buyers without having to pay top dollar.

For more information on staging a home, professional design services, or personalized shopping trips to the San Francisco Design Center with Great Finds, call them at (415) 658-9304 or visit www.greatfinds-bayarea.com.

About Great Finds

Great Finds is an interior design company that specializes in a range of design services in San Francisco. They offer consulting, design, and shopping services as well as “Miraculous Home Makeovers Without Buying New.” Great Finds enables the public to purchase internationally-acclaimed brands of designer furniture at exclusive trade-only discounts. Great Finds serves all communities of the San Francisco Bay Area. They also ship out of state.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebpatio-furniture/bay-area/prweb8540474.htm
















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Case goods sales lead way with 26% growth

Larry Thomas — Furniture Today, June 7, 2011

MARTINSVILLE, Va. — Case goods and upholstery major Hooker Furniture said sales rose 13.7% in its first fiscal quarter, but profits suffered because of higher costs and product discounting from its efforts to reduce slow-moving, excess inventory.

Sales for the 13 weeks ended May 1 totaled $58.4 million, up from $51.4 million in the same period last year.

The company said case goods led the sales growth with an increase of nearly 26%. Fabric upholstery sales were up 7% and leather upholstery rose 4%.

“Although we’ve had positive sales comps during the previous three quarters, over the past six months we’ve started to see significant growth in case goods,” said Paul Toms Jr., chairman and CEO. “This kind of growth is vital for achieving the high profitability performance objectives we’ve set for ourselves.”

Net income for the quarter totaled $523,000 or 5 cents per share. That’s down about 51% from $1.07 million or 10 cents per share in the same quarter last year. Last year’s first quarter included a $312,000 after-tax charge representing the company’s insurance deductible for a warehouse fire.

In addition to the product discounting, Toms said profits in the most recent quarter were hurt by higher freight costs on imported case goods, operating losses in domestically produced upholstery, higher expenses for returns and allowances, and higher employee health care costs.

“Given the sales growth we had this quarter, we’re disappointed in our inability to generate higher profits,” Toms said. “We’ve moved a lot of slow-selling, excess inventory but still have additional work to do and expect discounting to impact profitability over the next two quarters. It’s difficult to say how much of a factor the discounting will be due to other unknown variables, such as retail demand and the amount of full-price furniture we’re able to ship to offset the discounting of slower selling items.”

Since April, Toms said business has slowed for most of the company’s retail customers, but said Hooker is continuing to gain market share by remaining aligned with some of the industry’s healthiest retailers.

“While business isn’t robust, we are holding our own and faring better than retail in general,” he said.
















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