Furniture

La-Z-Boy to Restructure Casegoods to Import Model

La-Z-Boy

MONROE, Mich.–La-Z-Boy will restructure its casegoods business, which represents approximately 10 percent of its revenue, by transitioning to an all-import model for its wood furniture. During the second quarter of fiscal 2015, La-Z-Boy will discontinue casegoods production at its Hudson, N.C., facility.  That facility currently produces bedroom furniture collections for the Kincaid and American DrewMore »

Flexsteel Posts Q3 Profit, Sales Records

Flexstee

DUBUQUE, Iowa-Flexsteel Industries set new marks for net income and net sales in its third quarter ending on March 31. Net income totaled $4.4 million, up 41.8 percent from the third quarter of last year. Net sales in the quarter increased 12.4 percent to finish at $110.5 million. The company reported gains of 16 percentMore »

Hooker Q4, FY Net Drops

Hooker Furniture

MARTINSVILLE, Va.-Startup costs for two new businesses cut into Hooker Furniture’s bottom line for both the fourth quarter and the fiscal year. Fourth-quarter net income fell 45.9 percent to $2 million, bringing total net income for the fiscal year ending on Feb. 2 to $7.9 million, down 8.1 percent from the prior fiscal year. TheMore »

Gift Vendors Confirm New, Expanded Showrooms at Las Vegas Market

LasVegasMarket_summer2014

LAS VEGAS–Las Vegas Market announced today that six leading suppliers of gift merchandise will open or expand showrooms for the upcoming Summer Market, July 27-31, further increasing the number of major industry suppliers presented in Las Vegas Market’s Building C. Newcomers Colonial Tin Works, Honey & Me and Thompson’s Candles are opening their first showrooms;More »

High Point Blog: Bring on the Shoppers

Sauder

HIGH POINT, N.C.–Retailers and vendors at High Point Market—which ends tomorrow—spoke of pent-up demand from consumers who curtailed their shopping habits during the unusually harsh winter that affected much of the nation. With the start of spring, some theorized the previously repressed shoppers will be ready to spend as the weather improves. With that inMore »

Home Furnishings Assoc. Names Retailers of the Year

nahfa-logo

ROSEVILLE, Calif.–The North American Home Furnishings Association (NAHFA) has announced the winners for its 2014 Retailer of the Year award, which celebrates the outstanding achievements and progressive leadership of the nation’s home furnishings retailers. Tom Olinde, Olinde’s Furniture, Baton Rouge, La. is the NAHFA 2014 Retailer of the Year in the category of businesses withMore »

High Point Market Opens

High Point

HIGH POINT, N.C.–The spring High Point Market opens today with thousands of product introductions—plus a plethora of networking opportunities—on tap. Among the notable happenings, Trump Home by Dorya is unveiling a new 50-piece furniture collection; Surya is showing its first foray into the bedding category; Highland House is debuting a furniture collection from Barclay Butera;More »

Sterling Ruffin Collett III, 56

Sterling Collett

MORGANTON, N.C.–Sterling Ruffin Collett III, former vice president of Drexel Heritage Furnishings, died on April 2 after a two-year battle with cancer. He was 56 years old. After receiving his BS in Economics from the University of North Carolina at Chapel Hill, Collett worked in the furniture industry like his father and uncle before him.More »