POWELL CUTS PRICES

Culver City, California - (February 3, 2009) - Casual dining, youth, accent and occasional furniture resource Powell Co. announced price decreases affecting over a third of its offering in time for the winter Vegas Market, according to Sean Slack, executive vice president merchandising and marketing.

A reduction in raw materials costs to Powell is the reason for the new pricing structure, said Slack. Globally, steel and oil rates have declined steadily since the third quarter of 2008. “We’re passing along savings from one to 25 percent,” he added. “ The biggest reductions are seen in our metal furniture products.”

“We’re all in this together and want to make sure everyone benefits,” said Slack. “In conjunction with our suppliers, we are committed to providing dealers with the best possible values in the market.”

Lower oil rates have a positive impact on costs for energy, finishing materials, packaging, glass components, and both ocean and inland freight.

Powell’s Vegas showroom is located at World Market Center, Building A, space A-753.

ABOUT POWELL COMPANY
Founded in 1968, Powell Company has been a leading importer of design-driven, high-quality furnishings. Powell has long been regarded for its service-oriented culture, broad product offerings, multiple sourcing and delivery options and enjoys a reputation for reliability, integrity and honesty among its customers and peers in the home furnishings industry. Powell was acquired by Sun Capital Partners in 2007.