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From Home Furnishing Business

Consumer Spending Surges in March

U.S. consumers opened up their purses in March to push the country to record the largest increase in more than four and a half years.

Pier 1 Amends Credit Line, Closes on Term Loan

Home furnishings retailer Pier 1  (NYSE: PIR)  has amended a $350 million revolving credit line and closed a previously announced $200 million, seven-year loan.

Young America Closure Impacts Stanley 1Q

Stanley Furniture (NASDAQ: STLY)  reported a net loss of $4.4 million for the first quarter ended March 29.

Natuzzi Sets New Board

The board of directors for Natuzzi (NYSE: NTZ) has reconfirmed Pasquale Natuzzi as CEO of the company bearing his name.

LumiSource Updates Web Presence

Lighting supplier and occasional furniture vendor LumiSource  has revamped its Web site with several new features.


Kindel Acquires Karges

Luxury furniture manufacturer Kindel Furniture Co. has signed a purchase agreement to acquire the assets, intellectual property and operations of Evansville, Ind.-based Karges Furniture, a 128-year-old producer of luxury hand-made furniture.

Heritage Home Moving to North Carolina

Heritage Home, formerly Furniture Brands International, is closing its St. Louis headquarters and moving to North Carolina, the St. Louis Business Journal reported today.

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