News

Select Comfort Net Expands 52 Percent in Q3

Select Comfort Net Expands 52 Percent in Q3

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 inMore »

Brookstone Forms Wholesale and Licensing Division

Brookstone Forms Wholesale and Licensing Division

MERRIMACK, N.H.–Brookstone has launched a Wholesale and Licensing Division to seek out licensing partners for expanding the availability of its product line. Ron Boire, Brookstone’s president and chief executive officer, said the new division will develop relationships with retailers and manufacturers throughout the world, with the goal of extending the reach of the Brookstone brand. More »

2 For Life Media Creates Wedding App for iPad

2 For Life Media Creates Wedding App for iPad

TORONTO–2 For Life Media Inc. has released its Ultimate Wedding Planner app for the iPad on Apple’s App Store. This wedding app by 2 for Couples combines the authority of a national wedding magazine, the immediacy of a wedding Web site and the interactivity of a digital planner, according to the company. The app providesMore »

Kitchen Company Bon Home Launches

Kitchen Company Bon Home Launches

AUSTIN, Texas–The founders of GelPro chef mats have launched their latest company, called Bon Home, to address solving everyday problems in the home. Already the new company has launched the Heat & Dry Dish Rack, which dries dishes in ten minutes with the push of a button. The Culinary Heat Lamp will follow, which willMore »

Libbey Posts $2.3 Million Net Income for Q3

Libbey Posts $2.3 Million Net Income for Q3

TOLEDO, Ohio–Libbey reported net income of $2.3 million for the third quarter ended September 30, 2010. This compares to net income of $3.5 million in the prior-year quarter. Excluding special items of $2.4 million, Libbey had net income of $4.7 million for the third quarter of 2010. The special items in the third quarter ofMore »

Tempur-Pedic Net Jumps 72 Percent in Q3

Tempur-Pedic Net Jumps 72 Percent in Q3

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. TheMore »

Megan David, Former ABC Buyer, Opens Wake Robin

Megan David, Former ABC Buyer, Opens Wake Robin

BRIARCLIFF MANOR, N.Y.–Wake Robin, a specialty home shop, has been opened here by Megan David, a former buyer for ABC Carpet & Home. The store will carry categories including furniture, tabletop, lighting  and textiles. Specific items include case goods from Canvas, a furniture and accessories line that David helped develop. Block print bedding and otherMore »

First-Quarter Net Up 64 Percent for Flexsteel

First-Quarter Net Up 64 Percent for Flexsteel

DUBUQUE, Iowa–Upholstery and wood-furniture manufacturer Flexsteel Industries logged in a 64 percent increase in net income in its first fiscal quarter ended Sept. 30, 2010, totaling $2.3 million. The stronger bottom line was due to a net sales increase of 15 percent to $87.2 million, including an increase of 16 percent in residential sales. AMore »