Author Archives: Home Furnishings News

Springs Global Posts $15.7 Million Net Loss in Q3

Springs Global Posts $15.7 Million Net Loss in Q3

MONTES CLAROS, Brazil—Springs Global reported a net loss of $15.7 million in its third quarter ending Sept. 30, reversing net income of $7.6 million from the third quarter of last year. The drop in the bottom line occurred in spite of a 3 percent gain in net sales to $329.8 million, which was helped byMore »

AP Industries Launches New Website

AP Industries Launches New Website

LAURIER-STATION, Quebec—AP Industries, the Canadian manufacturer of bedroom furniture, has created a new Website structure and design in an effort to increase the site’s efficiency and the company’s brand awareness. The new APIndustries.com is divided into three distinct consumer categories: adult, youth and baby, each then divided into lifestyle categories of traditional, transitional and contemporary.More »

WestPoint Home Posts $14 Million Net Loss in Q3

WestPoint Home Posts $14 Million Net Loss in Q3

NEW YORK—WestPoint Home recorded a net loss of $14 million in its fiscal third quarter, compared to the $10 million net loss in the third quarter of last year. The loss occurred in spite of a 23 percent increase in net sales for the quarter, which were $116 million. It marked the second consecutive quarterlyMore »

Ralph Lauren Home Inks License Deal with Safavieh

Ralph Lauren Home Inks License Deal with Safavieh

NEW YORK – Ralph Lauren Home, a division of Polo Ralph Lauren Corporation, has signed an exclusive license agreement with Safavieh for a line of area rugs under both the Ralph Lauren Home and Lauren Ralph Lauren Home brands. This new licensing affiliation, effective January 2011, will strengthen and grow the Ralph Lauren Home businessMore »

TTU Launches Artist Mug Collection

TTU Launches Artist Mug Collection

CARSON, Calif. – TTU has launched a collection of porcelain mugs and dessert plates featuring the artwork of Rebecca Molayem, an expressionist painter and sculptor who operates an art gallery in West Hollywood. The introductory product line includes two collections, Bathing Beauties and Party Time, depicting vivid and brightly colored characters in a whimsical, captivatingMore »

Sharper Image Expands Advertising Initiatives

Sharper Image Expands Advertising Initiatives

NEW YORK—The Sharper Image has unveiled a major advertising push for the upcoming holiday shopping season. The campaign will include national television advertising, prominent billboards, sports-arena signage and brand signage at airports. The TV ads have already begun airing on national and local cable stations throughout the country. Billboards in Times Square here have alsoMore »

Extracts Welcomes Newcomers in New York

Extracts Welcomes Newcomers in New York

WHITE PLAINS, N.Y. – Spa, salon and personal care retailers will find a number of newcomers – both first time and returning to market – at the winter 2011 edition of EX•TRACTS at the New York International Gift Fair. EX•TRACTS runs Jan. 30 – Feb. 3, 2011, at New York City’s Jacob K. Javits ConventionMore »

La-Z-Boy Net Falls 34 Percent in Second Quarter

La-Z-Boy Net Falls 34 Percent in Second Quarter

MONROE, Mich.—Net income for La-Z-Boy dropped 34 percent in its fiscal second quarter, totaling $3.9 million. Declines in sales and gross margin were to blame for the bottom-line shortfall in the quarter, which ended on Oct. 23. Net sales slipped 2.6 percent to $293 million, due largely to a 3.4 percent drop in sales inMore »