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From Home Furnishing Business

Ashley Donates $10K to Arts Programming at N.C. School System

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.

FastFact: Third Quarter Remains Strongest for Furniture Sales

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.

Natuzzi Q1 Loss Widens as Sales Fall 4%

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.

Mattress Firm Owner Takes Majority Stake in Sherwood Bedding

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.

Sherwin-Williams Gets FTC Approval for Valspar Acquisition

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).

IKEA Taps Brodin as New CEO

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. 

LV Market Increases Lifestyle & Seasonal Resources

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.

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