A quick roundup of some recent news regarding a couple of NCT’s clients in the furniture industry:

Ashley Furniture Expands Colton Distribution Center

While many in the furniture industry are experiencing the effects of the economic downturn, Ashley Furniture has expanded it’s footprint at its Cooley Ranch Industrial Park in Colton, CA.  The company recently announced that it was purchasing 439,000 additional feet of distribution space.  Ashley’s Colton distribution center supplies merchandise to the entire West Coast.

Read more »

The credit crunch’s rippling effect has touched every industry, including the furniture industry. Of the top furniture stores in the industry, Ashley furniture continues to make a strong statement. Currently furniture sales trends seem a bit disheartening, but there is hope on the horizon for the economic future of furniture sales.

Top 100: Ashley Furniture Ranks #1 in Top Furniture Stores

Ashley Furniture has been leading the pack for a while now and once again ranked #1 of 100 of the nations top furniture stores for the third year in a row. However, Ashley Furniture, a manufacturer and distributer of high quality furniture, hasn’t escaped the decline in sales volume. Although still ranking #1, they decreased by 15% in their sales numbers last year, topping off at 2.1 billion dollars in sales. With the overall downturn of the economy as a whole, the furniture industry has not escaped the fallout. A Furniture Today article outlines the specifics of the Top Furniture Stores and how the economic situation has affected the industry.

Read more »

In a previous post, we alerted you to NCT’s offer to the automobile industry for a free check guarantee and payment solutions consultation. As part of NCT’s commitment to the core industries we serve, we are also offering a free consultation to members of the furniture industry as well.

Below, you will find the press release announcing our free check guarantee and payment solutions consultation to companies in the furniture industry. The release received wide distribution earlier today thanks in large part to the fact that NCT’s free consultation offer comes at a time when many companies are looking for ways to improve their cash flow situation. In addition to many industry journals and publications, here are a few of the sites publicizing the latest NCT announcement:

• NCT Offers Free Check Guarantee and Payment Solutions Consultation to Furniture Industry – (MarketWatch via Business Wire)
• NCT Offers Free Check Guarantee and Payment Solutions Consultation to Furniture Industry — (EarthTimes.org)
• NCT Offers Free Check Guarantee and Payment Solutions Consultation to Furniture Industry — (Yahoo! Finance)

Here is the complete press release:

Read more »