In the News
Edited by Lisa Casinger -- Home Accents Today, 8/1/2005
- Artist Flavia Weedn launches a line of prints with Arts Uniq'.
- Tracy Porter jumps from having one licensee, The Rug Barn, to seven as she expands her lineup.
- Domain owner Judy George debuts the La Cucina line in her 21 stores as cocooning and entertaining at home gain even more momentum.
- Bob Timberlake teams with a residential designer and licenses Bob Timberlake homes.
- Our Universe Study shows tabletop is the biggest slice of the home accents pie with a whopping $1.4 billion in sales; rugs are next with $627 million and portable lamps are third at $587 million.
- Department stores account for 81% of the home accents universe with gift stores/chains at 76%, mail order at 72% and furniture stores at 70%; overall home accents is a $19.7 billion industry.
- Randy Eller is promoted to president and COO of CBK.
- Hilda Flack debuts her accessory line and Lillian August unveils her boutique concept at Drexel Heritage during the April High Point market.
- New Orleans takes High Point by storm with a collection featuring furniture and accents from Councill, Sedgefield by Adams, Guildmaster, Peel & Company, NDI, Thief River Linen, Friedman Bros., Hen-Feathers and Braemore.
- Newcomers to High Point this year include Claire Murray, Bacon & Wing, Design Source, Four Hands, Nourison and Shaw Rugs.
- Mary Englebreit debuts her magazine, Home Companion.
- Restoration Hardware predicts sales of $40 million this year (2005 sales were $525.8 million).
- According to HAT's Retail Survey, 25% of respondents have sales of $10 million or more and home accents generate 54% of sales; tabletop and table accessories create the most sales.
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