Daily News
From Home Furnishing Business
November 21,
2024 by Karen Parrish in Business Strategy, Industry 
Bassett Furniture Industries, Inc. announced certain work force reductions designed to both streamline operations and better match the Company’s cost structure to the current rate of business. Through a combination of layoffs and retirements throughout the organization, this workforce reduction will result in approximately $2.5 million in annual savings.
November 21,
2024 by Karen Parrish in Business Strategy, Industry
AmericasMart Atlanta will debut "Elevate Outdoor – Designer Experience," a new day-long program designed to orient and educate designers on business opportunities in casual and outdoor furnishings through educational sessions, interactive events, amenities and exclusive incentives, on Jan 16, during the Winter Atlanta Market.
November 21,
2024 by Karen Parrish in Business Strategy, Industry
Amid rising consumer demand for enhanced hygiene and safe shopping experiences, Precision Textiles has introduced an innovative solution with its mattress testing kits specifically designed to help retailers meet today’s standards for hygiene in their showrooms.
November 21,
2024 by Karen Parrish in Business Strategy, Industry
The TJX Companies, Inc., the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the third quarter ended November 2, 2024. Net sales for the third quarter of Fiscal 2025 were $14.1 billion, an increase of 6% versus the third quarter of Fiscal 2024. Third quarter Fiscal 2025 consolidated comparable store sales increased 3%. Net income for the third quarter of Fiscal 2025 was $1.3 billion and diluted earnings per share were $1.14, up 11% versus $1.03 in the third quarter of Fiscal 2024.
November 21,
2024 by Karen Parrish in Business Strategy, Industry
Raymour & Flanigan, the largest furniture retailer in the Northeast, is reinforcing its commitment to digital innovation with their new 3D Cloud Sectional Configurator. This tool joins 3D Cloud 360 Spins, WebAR (47x ROI), and the Room Planner, which has been used to create thousands of buyable room designs. The new configurator simplifies the sectional sofa buying process, offering easy, error-free customization that integrates seamlessly with their hybrid online and physical showroom experiences.
November 21,
2024 by Karen Parrish in Business Strategy, Industry
Furniture Connection Inc. (Furniture Connection) proudly unveiled its newest Ashley Outlet showroom with a Grand Opening and Ribbon-Cutting Ceremony. The 20,000 sq. ft. facility, located at 4000 Fort Campbell Blvd. Hopkinsville, KY marks a significant addition to the local community. Distinguished guests, including members from the Hopkinsville Chamber of Commerce, joined Furniture Connection employees in celebrating this milestone.
November 20,
2024 by Karen Parrish in Business Strategy, Industry
Williams-Sonoma, Inc. announced operating results for the third quarter ended October 27, versus the third quarter ended October 29, 2023.