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HCN Stock Watch: Hanging in there

BY HBSDEALER Staff

With a stagnant retail sales report this morning, it wasn’t a great day for economic indicators. However, HCN stocks performed decently on Wednesday.

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IKEA Miami gets ready for launch

BY HBSDealer Staff

IKEA is prepping for the grand opening of its new Miami-Dade location, set to open on Aug. 27, 2014 to mark the company’s second South Florida outpost.

“Construction work has advanced far enough to allow the interior build-up process and finishing details to be complete by August 27,” noted Selwyn Crittendon, store manager of the future IKEA Miami. “Now our primary goal is the final training of the more-than-350 local hires joining the IKEA coworker family.”

Customers will be able to begin lining up at the door 48 hours in advance of the opening to take advantage of grand opening promotions.

The new 416,000-sq.-ft. store is located in Sweetwater adjacent to the Dolphin Mall, at the intersection of the Dolphin Expressway and the Florida Turnpike. It will also feature South Florida’s largest rooftop solar array.

As is typical for the Swedish retailer, IKEA Miami will house nearly 10,000 products, 44 room vignettes, three model home interiors, a supervised play area for kids and an in-house restaurant.

The opening is set to create 350 jobs, in addition to the 500 jobs created from construction.

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Merit signs Exciting Windows deal

BY HBSDealer Staff

The Merit Distribution Group today formed a joint venture partnership with Exciting Windows, supplier to independent window covering business owners.

Exciting Windows will function as an integral part of the Merit Décor Group division of Lancaster, which provides independent business owners with value-added decorative products, programs and services. Steve Bursten, CEO, and Steve Wishnow, President, will continue to lead Exciting Windows under this new joint venture. Both have been with the company since its inception 10 years ago.

According to Merit, Exciting Windows offers a complete and proven business system to rapidly increase sales and profits and provide education and training through its Window Coverings University program.

“We are very pleased to be partnering with the Exciting Windows organization,” said Mitch Jolley, CEO of the Merit Distribution Group. “We look forward to a long relationship that will add value to our customers and vendors.”

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