GARDEN CITY, N.Y.–WAC Lighting has received accreditation from the American Institute of Architects (AIA) for its LED/Organic LED training sessions, which already are accredited by the American Lighting Association. “The AIA’s accreditation for our LED/Organic LED training sessions will encourage architects to learn more about the important role of LED and OLED lighting in today’s … More »
BENTONVILLE, Ark.–Charles Holley, currently executive vice president of finance and treasurer of Walmart, will succeed Tom Schoewe as the retailer’s chief financial officer on Nov. 30. Holley, who joined Walmart in 1994, has served the mass merchant in a variety of executive posts in the financial and international segments. As executive vice president of finance … More »
SOUTH CHARLESTON, S.C.—Whitecraft has signed an agreement with the licensing division of Biltmore, the historic Vanderbilt estate in Asheville, N.C., for a line of outdoor home furnishings. The initial launch encompasses two collections, Blue Ridge and South Terrace, that will be on display at the upcoming High Point Market, Oct. 16-21.
CLOSTER, N.J.–Jura will begin a fourth-quarter consumer advertising campaign that will star tennis champion Roger Federer To support the introduction of its Swiss-made Impressa Z7 One Touch coffeemaker. According to a statement from Jura-Capresso, parent company of the Jura brand, Federer will appear in advertisements “reinforcing the championship values he shares with the Jura brand: … More »
WEST LONG BRANCH, N.J.–Sleep Innovations will enlarge its manufacturing facility in Baldwyn, Miss. The project will add 60,000 square feet to the facility’s current 300,000 square feet, and will create a polyurethane-foam manufacturing “center of excellence,” according to a company statement. The center, to be completed next summer, will develop new products such as mattress … More »
MATTHEWS, N.C.–Fourth-quarter net income for Family Dollar totaled $74 million, 23 percent ahead of the off-price retailer’s fourth-quarter net from its last fiscal year. The quarterly results helped Family Dollar to a record fiscal year in terms of earnings per share, which totaled $2.62 or 26.6 percent more than in fiscal 2009. Net sales for … More »
TRINITY, N.C.–Sealy’s bottom line turned red in the third quarter, as the nation’s largest mattress manufacturer reported a net loss of $15.8 million. Net sales worldwide totaled $346.2 million for the quarter, down 1 percent (total U.S. net sales decreased 2.2 percent to $251.0 million from the third quarter of fiscal 2009). Gross margin fell … More »
HIGH POINT, N.C.–Natuzzi Americas has expanded its brand management team with two new hires, adding a new, digital marketing position in order to provide more Web-based features for consumers. Lisa Livingston is joining the company as assistant brand manager. She brings with her a decade of agency and corporate marketing experience, as well as a … More »