Retailer Eaton's to stop selling furniture

Article Abstract:

Eaton's of Toronto, Ontario, will discontinue its furniture retail operations in 1999 after 100 years in the business. The company, which said it will concentrate on products with higher profitability, with stop selling appliances and electronics in its 64-store chain on Jan. 31, 1999. Eaton's, which ranked No. 6 in Furniture/Today's list of the Top 10 furniture retailers in 1996, will remove furniture, accessories and rugs from about 20 of its outlets in the spring of 1999, retaining them only in some of its strategically-placed locations.

Comment:

Will discontinue its furniture retail operations in 1999 after 100 years in the business

Department Stores, Services discontinued, Eaton's of Canada Ltd., Article

Shermag revenues off 3.1%

Article Abstract:

Full-line furniture making company Shermag has reported a 3.1 percent dip in its fourth quarter revenues. Performance figures given by Jeff Casselman chairmen and chief executive officer of Shermag at analysts meeting are also presented.

Sales, profits & dividends, FURNITURE AND FIXTURES, Company sales and earnings, Furniture industry, Company earnings/profit, Shermag Inc.

Brick buys 82 United stores in Canada

Article Abstract:

The Brick Warehouse Corp. of Canada has acquired the Canadian assets of promotional chain United Furniture Warehouse. The strategy to address all major price segments with United at a low end is the acquisition's main objective.

Acquisitions & mergers, Misc. Fabricated Textile Products, Mergers, acquisitions and divestments, Company acquisition/merger, Home furnishings industry, United Furniture Warehouse, Brick Warehouse Ltd.