A U.S. Bankruptcy Court judge brushed aside objections Friday to paying bonuses to seven Furniture Brands International executives but capped the total possible payments at $3.5 million.
Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more that 3 percent to 27.9 billion euros ($38 billion) in the latest fiscal year.
Industry veteran Chuck Rudwall died suddenly Friday at his home in Chattanooga, Tenn.
La-Z-Boy Inc. (NYSE: LZB) plans to acquire two La-Z-Boy Furniture Galleries stores in the Youngstown, Ohio, market.
Rug and accessories vendor Surya's Miles for Meals initiative has raised more than $38,000 for Akshaya Patra, one of the world’s largest NGO-run school lunch programs.