LEXINGTON FURNITURE INDUSTRIES, also known by several variations such as LEXINGTON FURNITURE INDUSTRIES, DBA, is a leading figure in the global furniture industry. This company, based in Thomasville, North Carolina, is renowned for its high-quality home furnishings and sophisticated designs. This article will provide an in-depth analysis of LEXINGTON FURNITURE INDUSTRIES' procurement strategies, major suppliers, and the global scope of its trade practices, as well as highlighting the role that NBD DATA plays in tracking and analyzing the company's import and export activities.

Overview of LEXINGTON FURNITURE INDUSTRIES' Procurement Network

LEXINGTON FURNITURE INDUSTRIES sources a significant portion of its materials and products internationally, particularly from regions in Asia. The company primarily imports from countries such as Vietnam, China, Singapore, Hong Kong (China), and Panama. The major focus of their imports has been on wooden and finished furniture components, which are integral to their wide-ranging product catalog that includes tables, footboards, chairs, and more.

The company's procurement strategy relies heavily on a diverse and reliable supplier network. Its major suppliers include:

• LODE STAR CO., LTD.: A Vietnam-based supplier known for high-quality furniture components.
• DONGGUAN CITY PARK INDUSTRIAL CO.: This supplier provides various essential materials that ensure the production of Lexington's premium furniture lines.
• FOOKYIK (VIETNAM) FURNITURE COMPANY: Renowned for delivering high-grade furniture items and materials.
• YOTRIO GROUP CO ; LTD.: A key player in the supply chain, providing finished furniture that meets the needs of LEXINGTON FURNITURE INDUSTRIES.
• PHUC THANG FINE FURNITURE: Specializes in delivering refined wooden furniture that matches Lexington's commitment to quality.

This global supplier network is pivotal for LEXINGTON FURNITURE INDUSTRIES as they aim to maintain their position in the high-quality segment of the furniture market.

Key Imported Goods and HS Codes

The procurement data from NBD DATA shows that LEXINGTON FURNITURE INDUSTRIES imports a variety of finished and semi-finished furniture items. Here are the top HS Codes used by LEXINGTON FURNITURE INDUSTRIES for their imports:

• HS Code 940350: Wooden furniture designed primarily for kitchen use.
• HS Code 940360: Wooden furniture, including those designed for dining room use.
• HS Code 940179: Seats with wooden frames, used across different categories in home furnishing.
• HS Code 940389: Furniture made from other materials, adding versatility to Lexington's product lineup.
• HS Code 940320: Furniture designed specifically for office use, enhancing the productivity and appeal of workspaces.

Analysis of Import Patterns and Common Import Items

LEXINGTON FURNITURE INDUSTRIES imports a wide array of products, mostly classified under the HS Code 9403 category, indicating its focus on high-quality home furnishings. Some common import items include:

• Finished Furniture: Products such as dining tables, footboards, and various types of tables under orders such as PO #94684, 94685, 94204, and 94690.
• Wooden Furniture: Including tables, chairs, and more. Specific orders include PO #94448, PO #94445, and other prominent purchase orders.

The company’s strong presence in Vietnam and China allows it to leverage a diverse manufacturing base, bringing in not only fully finished furniture items but also various wooden components necessary for customization at their domestic facilities in the United States.

Global Distribution and Major Export Markets

LEXINGTON FURNITURE INDUSTRIES exports high-quality home furnishings to various international markets, with Indonesia emerging as a notable buyer of Lexington products. The export data reveals a concentration of shipments around specific product categories such as:

• Furniture: Round Dining Table Base (HS Code 940320)
• Wooden Furniture: FB 6/6 King (HS Code 940350)
• Wooden Furniture: Bachelor's Chest (HS Code 940360)

These exports primarily focus on delivering high-value furniture items that meet the demand for luxury and quality craftsmanship in the overseas markets.

Noteworthy Customers

LEXINGTON FURNITURE INDUSTRIES has been successful in securing contracts with key buyers such as TJAKRINDO MAS, who play a significant role in distributing Lexington’s products across the international market. Their partnerships with prominent trading firms underline their strength and reliability in the export sector.

Challenges in Name Variability and Trade Identification

A significant aspect of dealing with LEXINGTON FURNITURE INDUSTRIES involves recognizing the various ways their name appears on international shipping manifests. This variability can often stem from manual data entry errors during the submission of customs forms, leading to several versions of their name appearing across the documents. Examples include:

• LEXINGTON FURNITURE INDUSTRIES, DBA
• LEXINGTON FURNITURE INDUSTRIES, D
• LEXINGTON FURNITURE INDUSTRIES,INC
• LEXINGTON FURNITURE INDUSTRIES DBS

These variations can make data analysis challenging, but NBD DATA provides an authoritative solution by centralizing and consolidating the data across all versions to provide a comprehensive overview of LEXINGTON FURNITURE INDUSTRIES’ trade activities.

Conclusion

LEXINGTON FURNITURE INDUSTRIES is a key player in the global furniture market with a strong emphasis on maintaining quality across their vast network of suppliers and buyers. By utilizing NBD DATA for detailed trade insights, companies and analysts can gain a clearer understanding of LEXINGTON FURNITURE INDUSTRIES' global procurement, supplier strategies, and export activities. With partners like LODE STAR CO., LTD. and buyers such as TJAKRINDO MAS, LEXINGTON FURNITURE INDUSTRIES continues to solidify its reputation as a leading name in luxury and home furniture.

NBD DATA’s comprehensive customs and shipment data allows for a deep dive into the international logistics and operational footprint of LEXINGTON FURNITURE INDUSTRIES, making it an invaluable tool for industry stakeholders looking to understand this complex and successful enterprise.