Furniture

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 »

Leggett & Platt Debuts Comfort Core Brand for Fabric-Encased Coils

Leggett & Platt Debuts Comfort Core Brand for Fabric-Encased Coils

CARTHAGE, Mo.–The Leggett & Platt Bedding Group has branded its line of fabric-encased coils as Comfort Core. Under this new brand, the company has placed its trademarked coil types such as Body Print, Body Print Advanced, Bolsa, Hi-Low, Joey and Softech, and has posted information about these lines on beddingcomponents.com. Comfort Core’s design eliminates theMore »

Furniture First Teams With TD Retail Card Services

Furniture First Teams With TD Retail Card Services

MAHWAH, N.J.–TD Retail Card Services, a division of TD Bank, has been chosen to be the preferred provider of private-label credit services for members of Furniture First, the home-furnishings and mattress purchasing cooperative. Under the agreement, TD Retail Card Services will offer a range of private-label credit products and services, custom financing options and specialMore »

Flexsteel Net Rises 5.8 Percent in Third Quarter

Flexsteel Net Rises 5.8 Percent in Third Quarter

DUBUQUE, Iowa–Net income for furniture manufacturer Flexsteel increased 5.8 percent, to $2.5 million, in its fiscal third quarter, which ended on March 31. The company said its net sales gained 4.6 percent in the quarter, to $85.2 million, helped along by a 5.6 percent increase in net sales by its residential segment. While selling, generalMore »