CARTHAGE, Mo.–Boosted by significant growth in sales and margins, Leggett & Platt’s first-quarter net income jumped 1,267 percent to $45.1 million. The manufacturer attributed the strong performance to a combination of “higher sales, cost structure improvements and pricing discipline,” according to a Leggett & Platt statement. It reported a 14 percent gain in net sales, … More »
HOT SPRING, Ark.–Smith’s has appointed Mark Harris to the newly created position of housewares domestic sales manager. Harris served previously as the vice president of sales and marketing for WMF Americas. He will report to Mark Adkison, Smith’s vice president of global sales.
NEW YORK–Sferra has formed a collaboration with designer Peter Som for a collection of bedding, bath products and table linens. According to a statement from the designer and the manufacturer, the first line of bedding is inspired by Som’s reinterpretations of American sportswear design, and will be printed in Italy on Egyptian cotton. In the … More »
BRIDGEWATER, N.J.–Laura Ashley and Brother International have formed a license agreement for a multifunctional sewing and quilting machine branded under the Laura Ashley name. Called the Laura Ashley Limited Edition NX-2000, the machine includes 430 built-in stitches to help users create items inspired by Laura Ashley. It’s also decorated with signature Laura Ashley floral motifs … More »
NEW YORK–The Home Fashion Products Association has scheduled a networking reception for June 16. The event will take place at the headquarters of Revman International, in suite 3000 at 1211 Ave. of the Americas here, from 6 to 8 p.m. According to an HFPA statement, the gathering will give members a chance to network with … More »
HIGH POINT, N.C.–Human Touch, the manufacturer of massage chairs, has returned to High Point Market after a three-year absence. The company exhibited in showroom IHFC-H517 at the market, which ends today. Among the new products it showed were the HT-Connect/AcuTouch 9500, which the company said is the first robotic massage chair to offer a fully … More »
NEW YORK–At its 2010 analyst/investor conference here yesterday, J.C. Penney announced new five-year operational and financial targets, including expectations to increase sales $5 billion to reach approximately $23 billion in sales by the end of 2014. This is expected to be driven primarily by comparable store sales growth, the company said. Gross margin is expected … More »
Ashley Furniture is used to breaking the rules and defying the common logic of the business and at this week’s High Point Market it did it once again. The company–which is both the biggest supplier and retailer of furniture in the country — introduced a new retail concept called Furnish 123, basically a turnkey operation … More »