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From Home Furnishing Business

Ashley Drops $6M Tax Credit

Ashley Furniture Inds. has decided not to chase a $6 million tax credit through the Wisconsin Economic Development Corp. to support the company’s expansion in its home state.

Magnussen to Relocate High Point Showroom

Full-line furniture supplier Magnussen Home is relocated its High Point Market showroom to the former Thomasville showroom location in the IHFC.

Wayfair Reports 4Q Loss of $72.6 Million

Online home furnishings retailer Wayfair (NYSE: W) reported a net loss of $72.6 million for the fourth quarter ended Dec. 31 compared with a loss of $4.2 million in the same quarter last year.

Exstra Design Introduces Website

Bedroom and dining supplier Exstra Design has unveiled its easy-to-navigate website to help retailers, designers and consumers uncover needed information quickly.

Broad River Plans Headquarters in S.C.

Charlotte, N.C.-based Broad River Furniture plans to invest $12.6 million to establish a corporate campus and distribution center in Fort Mill, S.C.

Kate Spade Home Furnishings Coming to EJ Victor, Jaipur

Luxury brand Kate Spade & Co. (NYSE: KATE) will begin the rollout of a line of home furnishings this spring to include furniture, rugs, fabric, wall pager and bedding and bath textiles through four licensed partners.

American Furniture Parent Posts Increased 4Q Income

Compass Diversified Holdings, (NYSE: CODI) owner of American Furniture Manufacturing, reported net income of $8.9 million for the fourth quarter ended Dec. 31, compared to a loss of $5.1 million in the same quarter last year.

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