News

Libbey Posts Income Gain in Q4

Libbey Posts Income Gain in Q4

TOLEDO, Ohio-An increase in business-to-business and foodservice sales helped lift glassmaker Libbey’s net income in the fourth quarter, which ended Dec. 31, 2010. Libbey reported net income of $2.8 million in the fourth quarter, compared to a net loss of $7.1 million in the prior-year quarter. Sales in the quarter were $222.8 million, compared toMore »

Miller Named Home Licensing Director at Biltmore

Miller Named Home Licensing Director at Biltmore

ASHEVILLE, N.C.–Biltmore has appointed Donnette Miller as licensing director for home furnishings. In this role, Miller oversees the Biltmore House’s home-furnishings licensing activities and developing new business within the brand. She reports to Tim Rosebrock, vice president and general manager, and Christy Hodgins, director of marketing. She succeeds Elizabeth Ford, who has moved to BiltmoreMore »

Crown Crafts Net Drops 30 Percent in Third Quarter

Crown Crafts Net Drops 30 Percent in Third Quarter

GONZALES, La.–Higher costs for raw materials, labor, transportation and currency hurt Crown Crafts’ bottom line in its fiscal third quarter, which ended on Dec. 26, 2010. Third-quarter net income fell 30 percent to $775,000, despite a net sales gain of 6.3 percent to $21.9 million. The above-mentioned costs, along with what Crown Crafts described asMore »

Louisville Bedding Partners with La-Z-Boy on Basic Bedding

Louisville Bedding Partners with La-Z-Boy on Basic Bedding

LOUISVILLE, Ky.–Louisville Bedding has reached an agreement with La-Z-Boy for a licensed collection of basic bedding, which it will debut at next month’s New York Home Fashions Market. The line includes bed pillows, mattress pads, sheets and comforters. According to a Louisville Bedding statement, pricing and fabrication for the line are similar to other offeringsMore »

Pan Tabbed as CEO of MindsInSync Asia Pacific

Pan Tabbed as CEO of MindsInSync Asia Pacific

NEW YORK–MindsInSync has promoted David Pan, general manager of China operations and development, to chief executive officer Asia Pacific of MindsInSync Shanghai, a new position for the company. In his new post, Pan directs all of MindsInSync’s sales, marketing and operations for the China and Southeast Asia regions. According to a company statement, his promotionMore »

Typhoon Plus Changes Name to Sistema

Typhoon Plus Changes Name to Sistema

PETALUMA, Calif.–To better reflect the growth of its food storage category, housewares company Typhoon Plus has changed its name to Sistema US. The company has had the exclusive distribution rights to Sistema, the New Zealand-based brand of food storage, in both the U.S. and Canada, for a little more than three years. “Our food storageMore »

ABC News Looking for Home Sources

ABC News Looking for Home Sources

NEW YORK–­ABC News has launched a Made in America project and is looking for companies in the home furnishings industry to participate. The project will see ABC purchase a home and outfit it entirely with goods made in America. ABC News said it started the project to highlight the idea that using goods made inMore »

Reports: Big Lots Considering Possible Sale

Reports: Big Lots Considering Possible Sale

COLUMBUS, Ohio–Big Lots is exploring a possible sale of the company, among other alternatives, according to press reports from a number of sources. Press reports said the retailer has been approached by Thomas H. Lee Partners, former owner of Simmons, and Bain Capital about a potential sale. Big Lots has been working with Goldman SachsMore »