May 31,
2017 by Larry Thomas in Community / Charitable Support, Industry
Ashley for the Arts, the nonprofit arm of Ashley Furniture Inds. that supports arts programs, donated $10,000 to the Davie County Schools in Mocksville, N.C., during the school system’s recent Art Smart Festival.
May 30,
2017 by Larry Thomas in Economic News, Industry
Brisk sales in August and September have historically paced sales in the third quarter, making it the strongest quarter of the year for furniture sales, according to data from the U.S. Census Bureau.
May 30,
2017 by Larry Thomas in Economic News, Industry
Leather upholstery major Natuzzi (NYSE: NTZ) said first-quarter sales fell 4% and the company’s net loss widened to 11 million euros, or about $12.3 million.
May 30,
2017 by Larry Thomas in Business Strategy, Industry
Steinhoff International (FRA: SNH), the giant South African retailer and manufacturer who acquired specialty retailer Mattress Firm last year, has agreed to acquire a majority stake in U.S mattress manufacturer Sherwood Bedding.
May 30,
2017 by Larry Thomas in Business Strategy, Industry
Sherwin-Williams (NYSE: SHW) said it has received approval from the Federal Trade Commission and the Canadian Competition Bureau to complete its $11.3 billion acquisition of paint and coatings supplier Valspar (NYSE: VAL).
May 26,
2017 by Jane Chero in Executive Changes, Industry
IKEA Group, the owner of most IKEA budget furniture stores worldwide, has chosen company veteran Jesper Brodin to be its new chief executive, replacing Peter Agnefjall who will leave the company.
May 26,
2017 by Jane Chero in Business Strategy, Designer Weekly, Industry, Las Vegas, Market
Las Vegas Market has announced another round of lifestyle and seasonal leasing gains, with more than 31,000-square-feet of new and expanded showrooms and new temporary exhibits opening in time for the Summer Las Vegas Market taking place July 30 - Aug. 3.