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From Home Furnishing Business

O’Connor, Miller Join Furniture Fellowship Board of Directors

Sean O’Connor, senior vice president of sales at Universal Furniture, and Brad Miller, vice president of international sales at Hooker Furniture, have joined the board of directors of the Furniture Fellowship, sponsor of the annual Furniture Market Prayer Breakfast held during the April High Point Market.

Wayfair Q4 Revenues Leap 46.2%, but Net Loss Widens

E-commerce powerhouse Wayfair (NYSE: W) said fourth-quarter revenues shot up 46.2% to $1.44 billion, but its net loss grew by more than 65% due largely to increased advertising costs and greater selling and operating expenses.

Tempur Sealy Reports Lower Q4 Sales, Profits

Still feeling the effects of the termination of its contract with Mattress Firm last year, mattress producer Tempur Sealy International (NYSE: TPX) reported a 15.9% decline in fourth-quarter sales and a 6% dip in profits.

Southerland, IntelliBed Form Alliance to Produce Mattress Line

Independent mattress manufacturer Southerland has formed a strategic alliance with vertically integrated IntelliBed to produce and distribute the company’s exclusive Gel Matrix bedding line.

Stunda, Patil Added to ITA Board of Directors

David Stunda, sales director for Barbarossa Leather, and Dada Patil, president of Catania Silks, have been elected to the board of directors of the International Textile Alliance, the textile industry trade association that hosts the Showtime fabric fair each June and December.

Pottery Barn and Lilly Pulitzer Collaborate on Home Décor Line

Members of the Williams-Sonoma portfolio of brands, Pottery Barn, Pottery Barn Kids and PBteen are entering into an exclusive home décor partnership with renowned resort-wear brand Lilly Pulitzer. The line is expected to debut in March.

Wayfair Launches 4th Annual Tastemaker Awards

Wayfair has announced its fourth annual Tastemaker Awards to celebrate excellence and innovation in design. For a limited time, Wayfair Professional members based in the U.S. and select provinces in Canada are invited now through March 9 to submit their design projects by logging into their free business account and uploading their portfolio to the exclusive Design Gallery. One winner will be recognized per category.

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