Furniture Brands International Announces Implementation of Logistics and Supply
\nChain Initiatives<\/p>\n
ST. LOUIS, Mo., Jan. 7, 2015 (PRIME NEWSWIRE) — Furniture Brands International
\n(NYSE:FBN) today announced progress in several areas on the implementation of
\nits strategic initiative to develop a world class and industry-leading supply
\nchain and logistics operations and to develop stronger Asia-based operations.
\n
\n\t\t
\nSeveral promotions and re-assignments were announced as the company builds its
\nsupply chain team:<\/p>\n
* Jimmy Martin has been appointed Managing Director of all Furniture Brands
\nAsia-based operations. In this role, Mr. Martin will head all of the global
\nsourcing efforts for Furniture Brands. He will be stationed in Dongguan, China.<\/p>\n
* Davy Whittington has been named Head of Distribution and Logistics. He will
\nmanage all logistics programs, company owned fleet operations, and warehouse
\ndistribution centers across all of the Brands, and he will lead all negotiations
\nwith logistics service providers.<\/p>\n
* Jeff Smith has been named Head of Product Development. He will coordinate all
\nproduct development resources across all of the Brands to ensure that product
\nlead times are reduced and that the company optimizes the performance of all
\ndomestic and offshore assets.<\/p>\n
* Brian Martin has been named Head of Sourcing Operations. He will be working
\nwith each of the Brands to improve product quality and delivery performance
\nwhile reducing total delivered costs.<\/p>\n
* Tara Newman will coordinate import logistics functions, reporting to Davy
\nWhittington. In this role, she will have responsibility for the management of
\ncontainer shipments to domestic and international customers.<\/p>\n
Furniture Brands also announced the establishment of Furniture Brands (Hangzhou)
\nCo., Ltd., with an office in southern China that will be the headquarters of the
\ncompany’s Asian operations. Once fully-staffed, the company expects to have 120
\nemployees in that office, coordinating all aspects of the company’s Asia-based
\nsourcing activities. Jimmy Martin will manage the office on a day-to-day basis.<\/p>\n
Lastly, the company announced implementation initiatives to achieve operational
\nexcellence in supply chain and logistics, including: the consolidation of its
\ndistribution center operations to drive efficiency and effectiveness in all
\nsupply chain operations, both domestically and offshore; the consolidation of
\nall efforts around customs compliance; and the rollout of consolidated
\ncontainer-direct deliveries to larger retailers.<\/p>\n
Mike McBreen, Vice President of Logistics and Supply Chain for Furniture Brands
\nsaid, “We have built our supply chain team with seasoned furniture industry
\nprofessionals from within our own brands, all working together efficiently and
\neffectively. This organization and the steps we have taken in warehouse
\nconsolidation and supply chain improvements will help us simplify and streamline
\nour product development processes and globally coordinate all manufacturing
\noperations and distribution logistics.”<\/p>\n
Mr. McBreen continued, “Establishing our operating entity, Furniture Brands
\n(Hangzhou) Co., Ltd., will strengthen our presence on the ground in Asia and
\nwill enable us to provide significant business benefits to our brands and
\ncustomers, including: improved delivery, reduced product development lead times,
\nbetter inventory management and consolidated container direct shipments.”<\/p>\n
About Furniture Brands<\/p>\n
Furniture Brands International (NYSE:FBN) is a vertically integrated operating
\ncompany that is one of the nation’s leading designers, manufacturers, and
\nretailers of home furnishings. With annual sales in excess of $2 billion, it
\nmarkets through a wide range of retail channels, from mass merchant stores to
\nsingle-brand and independent dealers to specialized interior designers.
\nFurniture Brands serves its customers through some of the best known and most
\nrespected brands in the furniture industry, including Broyhill, Lane,
\nThomasville, Drexel Heritage, Henredon, Pearson, Hickory Chair, Laneventure, and
\nMaitland-Smith.<\/p>\n
The Furniture Brands International logo is available at
\nwww.primenewswire.com\/newsroom\/prs\/?pkgid=2757<\/p>\n
Matters discussed in this release and in our public disclosures, whether written
\nor oral, relating to future events or our future performance, including any
\ndiscussion, express or implied, of our anticipated growth, operating results,
\nfuture earnings per share, plans and objectives, contain forward-looking
\nstatements within the meaning of Section 27A of the Securities Act of 1933 and
\nSection 21E of the Securities Exchange Act of 1934. These statements are often
\nidentified by the words “believe”, “positioned”, “estimate”, “project”,
\n“target”, “continue”, “intend”, “expect”, “future”, “anticipates”, and similar
\nexpressions that are not statements of historical fact. These statements are not
\nguarantees of future performance and involve certain risks, uncertainties and
\nassumptions that are difficult to predict. Our actual results and timing of
\ncertain events could differ materially from those anticipated in these
\nforward-looking statements as a result of certain factors, including, but not
\nlimited to, those set forth under “Risk Factors” in our Annual Report on Form
\n10-K for the year ended December 31, 2013, our quarterly reports on Form 10-Q,
\nelsewhere in this release, and in our other public filings with the Securities
\nand Exchange Commission. Such factors include, but are not limited to: changes
\nin economic conditions; loss of market share due to competition; failure to
\nforecast demand or anticipate or respond to changes in consumer tastes and
\nfashion trends; failure to achieve projected mix of product sales; business
\nfailures of large customers; distribution and cost savings programs;
\nmanufacturing realignments; increased reliance on offshore (import) sourcing of
\nvarious products; fluctuations in the cost, availability and quality of raw
\nmaterials; product liability uncertainty; environmental regulations; future
\nacquisitions; impairment of goodwill and other intangible assets; anti-takeover
\nprovisions which could result in a decreased valuation of our common stock; loss
\nof funding sources; and our ability to open and operate new retail stores
\nsuccessfully. It is routine for internal projections and expectations to change
\nas the year or each quarter in the year progresses, and therefore it should be
\nclearly understood that all forward-looking statements and the internal
\nprojections and beliefs upon which we base our expectations included in this
\nreport or other periodic reports are made only as of the date made and may
\nchange. While we may elect to update forward-looking statements at some point in
\nthe future, we do not undertake any obligation to update any forward-looking
\nstatements whether as a result of new information, future events or otherwise.<\/p>\n
-0-
\nCONTACT: Furniture Brands International, Inc.
\n Lynn Chipperfield
\n 314-863-1100<\/p>\n","protected":false},"excerpt":{"rendered":"
Furniture Brands International Announces Implementation of Logistics and Supply Chain Initiatives ST. LOUIS, Mo., Jan. 7, 2015 (PRIME NEWSWIRE) — Furniture Brands International (NYSE:FBN) today announced progress in several areas on the implementation of its strategic initiative to develop a world class and industry-leading supply chain and logistics operations and to develop stronger Asia-based operations.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5173","post","type-post","status-publish","format-standard","hentry","category-furniture-indonesia-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/5173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=5173"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/5173\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=5173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=5173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=5173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}