TITLE

Industry reaction mixed

AUTHOR(S)
Engel, Clint
PUB. DATE
July 2000
SOURCE
Furniture/Today;07/31/2000, Vol. 24 Issue 46, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the reaction of the furniture industry on the resignation of Bill DeRusha as the chief executive officer of Heilig-Meyers in Richmond, Virginia. Financial losses of the company from 1997-2000; Decline in the number of store chain all over the United States; Factors contributing to the low stock performance of the company.
ACCESSION #
3465820

 

Related Articles

  • DeRusha gets $8.1M. Engel, Clint // Furniture/Today;07/31/2000, Vol. 24 Issue 46, p1 

    Reports the resignation of Bill DeRusha as the chief executive officer of Heilig-Meyers in Richmond, Virginia. Severance package received; Violation committed by the company against the reworked banking agreement; Impact of the resignation on the company.

  • Invisible-man approach won't help troubled chain. Allegrezza, Ray // Furniture/Today;08/14/2000, Vol. 24 Issue 48, p57 

    Comments on the aftermath of the resignation of Bill DeRusha as chief executive officer at furniture company Heilig-Meyers. Absence of a company statement about the departure of DeRusha; Lack of management plans to help Heilig-Meyers recover from financial distress.

  • Industry mutes criticism of DeRusha--as usual. Perry, David // Furniture/Today;08/07/2000, Vol. 24 Issue 47, p45 

    Opinion. Comments on the reaction of the furniture industry to the resignation of executive Bill DeRusha from the financially troubled Heilig-Meyers in the United States. View on the severance package for DeRusha; Amazement with the industry's assessment of the tenure of DeRusha in the...

  • Verdeck gets Good Cos. sales post.  // Furniture/Today;1/16/2006, Vol. 30 Issue 19, p4 

    The article reports that Darrell Verdeck has joined manufacturer and importer Good Cos. as executive vice president of sales. The job responsibilities of Verdeck are detailed. Verdecks has worked with Lifestyle Enterprise company's U.S. division, Coaster Co. and retailers Heilig-Meyers Inc....

  • Ziemniak resigns for Airsprung.  // Cabinet Maker;9/7/2001, Issue 5254, p2 

    Reports the resignation of Airsprung Furniture Group chief executive Peter Ziemniak. Appointment of Andrew Alsop as chief executive of Airsprung; Effects of the resignation of Mr. Ziemniak on the company; Cost of disposing of Duckers.

  • The Wal-Mart way. Lee, Carrie // FW;11/7/95, Vol. 164 Issue 23, p52 

    Relates why the $1.2 billion-in-sales Heilig-Meyers has a president who is sure of his strategy. The largest furniture retailer in the United States; Its market being the lower middle class living in small towns; The Heilig-Meyer's average 21.6 percent interest rate; President Troy Peery.

  • Creditors committee named for bankruptcy.  // Furniture/Today;09/04/2000, Vol. 25 Issue 1, p18 

    Reports on the appointment of two furniture manufacturers and factoring company CIT Group to the unsecured creditors committee for Heilig-Meyers' Chapter 11 bankruptcy case. Claims of Action Lane and Klaussner against Heilig-Meyers; Trading of Heilig-Meyers stock on the over-the-counter system.

  • A roller-coaster ride to a surprisingly good ending. Allegrezza, Ray // Furniture/Today;04/30/2001, Vol. 25 Issue 33, p75 

    Comments on the furniture industry of the United States. Opinion on the liquidation of stores by Heilig-Meyers Inc.; Decrease in sales of furniture retailers; Impact of the reduction of interest rates on the industry.

  • Heilig-Meyers files Ch. 11. Engel, Clint // Furniture/Today;08/21/2000, Vol. 24 Issue 49, p1 

    Reports that furniture retail chain Heilig-Meyers filed for Chapter 11 bankruptcy protection in August 2000. Plan to close nearly one-third of the chain's stores in order to cut costs; Company's decision to stop offering in-house financing; List of Heilig-Meyers' ten largest unsecured claims...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics