DENVER—Furniture Row Cos. has signed an agreement with Tim Tebow, quarterback with the NFL Denver Broncos and a Heisman Trophy winner, in a campaign to support orphanage services in this area. Under the terms of the agreement, Tebow will work with Denver Mattress, one of the retailers under the Furniture Row corporate umbrella, in the … More »
DANBURY, Conn.–Ethan Allen Interiors posted net income of $3.8 million in the third quarter, reversing a $13.6 million net loss from the third quarter of 2009. The furniture retailer/manufacturer reaped the benefit of a 21 percent pickup in third-quarter sales, which totaled $164.8 million and which included a 17.3 percent sales increase in its retail … More »
WHITE PLAINS, N.Y.–Next month’s International Hotel, Motel + Restaurant Show (IHMRS) will feature both exhibitors from past shows and newcomers in the home-furnishings industry. Among the exhibitors in the home area are Electrolux Professional, Standard Textile and Tempur-Pedic—all of which will return to the show after a brief absence, according to GLM, owner and manager … More »
AUSTIN, Texas–Chris Miller has joined Four Hands as national sales manager, responsible for the national sales team as well as the Las Vegas and Atlanta showroom personnel. He previously spent 17 years with Rowe Fine Furniture in such roles as vice president of sales operations and regional sales manager for the southeastern region.
CASTLETON, Vt.–Lighting company Hubbardton Forge has received two Pinnacle Awards this year from the American Society of Furniture Designers, announced at the recent High Point Market. Hubbardton Forge’s Ondrian design received the competition’s first Green Leaf Design Award for Eco-Friendly Design, while its Antasia design received the Pinnacle Award for Design Achievement in Lighting. “To … More »
CARTHAGE, Mo.–Leggett & Platt’s bottom line lost a few shades of black in its third quarter, dropping 13 percent to $47.4 million. The reduced net income came about largely because of a 366 basis-point fall in gross margin, to 19.5 percent, which occurred due to higher costs for raw materials. Selling and administrative expenses also … More »
MINNEAPOLIS–Net income for Select Comfort rose 52 percent in the third quarter ended Oct. 2, 2010, totaling $10.5 million and marking the seventh consecutive quarter of bottom-line improvement. The mattress manufacturer/retailer posted this increase based on a 9 percent gain in net sales, which reached $160.1 million and which included a 16 percent increase in … More »
LEXINGTON, Ky.—Tempur-Pedic posted a 72 percent increase to its net income in the third quarter, to $44.2 million. The mattress manufacturer improved its bottom line based on a net sales gain of 32 percent to $295.8 million, and a pickup of 340 basis points in gross margin, which finished the quarter at 51 percent. The … More »