Furniture

Sales Drop Brings First-Quarter Net Loss to Furniture Brands

Sales Drop Brings First-Quarter Net Loss to Furniture Brands

ST. LOUIS–A 7.6 percent fall in net sales brought a reversal to the bottom line of Furniture Brands International in its first quarter. The company posted a net loss of $3.1 million in the quarter, which ended on March 31 and which contrasted to first-quarter net income of $3.5 million in last year’s first quarter.More »

Twin-Star Launches 300 Cube Split Container Program

Twin-Star Launches 300 Cube Split Container Program

DELRAY BEACH, Fla.–Twin-Star International has launched a 300 cube split container program for its ClassicFlame Electric Fireplaces, Tresanti Media Consoles, Thermoelectric Wine Coolers, Beverage Cabinets, Kitchen Islands and Duraflame Infrared Quartz Heaters and Fireplaces. Twin-Star said that retailers who participate in the program can take advantage of China-direct pricing while being able to order inMore »

Big Lots Sales Slip in First Quarter

Big Lots Sales Slip in First Quarter

COLUMBUS, Ohio–First-quarter retail sales at Big Lots fell 0.5 percent to $1.2 billion, according to a preliminary statement from the closeout retailer. In addition, same-store sales in the quarter, which ended on April 30, declined 3.6 percent. Steve Fishman, chairman, president and CEO, said the first quarter started on a positive note, but softened inMore »

MMPI Promotes Kelly

MMPI Promotes Kelly

CHICAGO–MMPI promoted Jaclyn Kelly senior director of marketing for MMPI’s Casual Furnishings Industry. As senior director of marketing, Kelly will be responsible for strategic planning and brand development for the International Casual Furniture & Accessories Market at Chicago’s Merchandise Mart, and for the permanent casual showrooms residing in The Design Center at The Merchandise MartMore »

Bassett Completes IHFC Sale to Las Vegas Market Owners

Bassett Completes IHFC Sale to Las Vegas Market Owners

BASSETT, Va.-­Bassett Furniture Industries, Inc., announced today the completion of the sale of its interest in the International Home Furnishing Center in High Point, N.C. Bassett sold the market showroom building for $275 million, plus the assumption of debt of $100 million to the acquirer, a newly formed company International Market Centers, which was identifiedMore »

Ethan Allen Turns Loss into Profit in Third Quarter

Ethan Allen Turns Loss into Profit in Third Quarter

DANBURY, Conn.-The bottom line for Ethan Allen Interiors transformed from red to black in its fiscal third quarter, ending March 31. The manufacturer-retailer posted net income of $3.5 million, compared with a net loss of $855,000 in last year’s third quarter. A 10.5 percent gain in net sales, which totaled $162.8 million in the quarter,More »

First-Quarter Net Flat for Leggett & Platt

First-Quarter Net Flat for Leggett & Platt

CARTHAGE, Mo.-Net income for Leggett & Platt in its first quarter finished at $45 million, relatively flat with the bottom line from last year’s first quarter. As explained by David Haffner, the company’s president and CEO, rising raw materials costs negated a healthy gain in net sales for the first quarter. Leggett & Platt’s grossMore »

Sullivan Becomes Executive Director of Foam-Certification Program

Sullivan Becomes Executive Director of Foam-Certification Program

MCLEAN, Va.–Doug Sullivan has been named executive director of the CertiPUR-US certification program for flexible polyurethane foam. CertiPUR-US is a program of the Alliance for Flexible Polyurethane Foam, which tests foam for ozone depleters, formaldehyde, polybrominated diphenyl ethers, prohibited phthalates, lead, mercury and other materials that affect indoor air quality. Sullivan is a more thanMore »