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From Home Furnishing Business

SSA Names Slate of Officers

The Specialty Sleep Association (SSA) has named its new officers.

Williams-Sonoma's E-Commerce Becomes More Dominant

Net revenue in the web-dominated direct-to-consumer channel at Williams-Sonoma Inc. increased 15.3 percent to $477.66 million in its fiscal second quarter ended Aug. 4, accounting for nearly half of total net revenue, which rose 12.3 percent to $982.21 million, the retailer of kitchenware and other home furnishings said. 

Executives at the retailer said in a recent conference call with stock analysts that e-commerce sales grew by more than 20 percent in Q2 and accounted for more than 90 percent of direct-to-consumer sales, which also include telephone sales placed through paper catalogs.

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Source: InternetRetailer.com

Ikea Plans to Expand Retail Footprint

Swedish furniture retailer Ikea plans to accelerate store expansion, a part of its strategy to double sales to around $66 billion by 2020.

The announcement came from Ikea veteran Peter Agnefjall, who became CEO last week. Agnefjall aims to generate 5 percent annual sales growth in existing stores, while another 5 percent sales will come from new store openings.

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Source: Retail Business Review

'Mattress Mack' Recovering from Heart Procedure

Houston's furniture king Jim McIngvale , known to his fans as "Mattress Mack," tweeted on Thursday after undergoing a heart procedure at St. Luke's Hospital.

Well wishes flooded his Twitter page after he tweeted, "I had a procedure on my heart today @ the TX Heart Ins. @ St. Luke's for a condition called PFO. Looking fwd to getting back to work soon."

McIngvale has more than 3,000 followers on the social networking site.

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Source: Houston Chronicle

Consumer Spending Increases for a Third Month

Consumer purchases, which account for about 70 percent of the economy, rose 0.1 percent after a revised 0.6 percent increase the prior month that was larger than previously estimated, the Commerce Department reported today in Washington.

The median forecast in a Bloomberg survey of economists called for a 0.3 percent rise. Incomes increased 0.1 percent, down from 0.3 percent the previous month.

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Source: BusinessWeek

Ameriwood Fined $50,000 by OSHA

Tiffin, Ohio-based Ameriwood Inds. has been fined $50,000 by the Occupational Safety and Health Adminisration for unsafe equipment.

OSHA said the company failed to use energy-control procedures on foam cutting machines, putting workers at risk.
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Source: Toledoblade.com

Furniture Brands Board Member Resigns

A Furniture Brands Internatinoal board member has resigned after a 15-month stint on the furniture maker's board. Kent J. Hussey has resigned as a director.

Furniture Brands said in a regulatory filing today that Hussey resigned last Friday. His decision to leave the board was not a result of disagreements with the company or with matters related to company operations, the filing said.

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Source: STLtoday.com