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From Home Furnishing Business

Milliken Launches Line of Sustainable Performance Fabrics

Textile producer Milliken & Company has launched a collection of sustainable performance fabrics that are produced with natural or recycled fibers made from plastic bottles and a plant-based water repellant.

Product Recalls Issued for Dressers, Swivel Patio Chairs

Three furniture companies – Bolton Furniture, Brown Jordan Services and Casual Living Worldwide -- have issued product recalls this week in conjunction with the Consumer Product Safety Commission.

Survey: Furniture Factory Orders Climb 8% in November

Furniture factory orders in November were 8% ahead of the same month in 2015, marking the fourth straight monthly increase in new orders, according to the latest Furniture Insights survey from the accounting and consulting firm Smith Leonard.

Restonic Signs Licensee in Australia

Bedding producer Restonic Mattress Corp. has signed a licensing agreement with Melbourne-based Crown Posture Bedding that will give the Australian company exclusive rights to manufacture and distribute the Restonic brand in that country.

Leggett & Platt Reports Double-Digit Profit Jump Despite Sales Decline

Leggett & Platt (NYSE: LEG), a major supplier of furniture and bedding components and finished furniture, reported a double-digit increase in earnings in 2016 despite a 4.3% drop in sales.

Ashley HomeStore Opens 700th Location

Ashley HomeStore opened its 700th retail location last weekend in Vero Beach, Fla., in conjunction with City Furniture, its licensee in southeast and southwest Florida.

Stanley Names Dissident Shareholder to Board; Avoids Proxy Fight

Stanley Furniture (NASDAQ: STLY) appears to have headed off a proxy fight at its upcoming annual meeting by naming Stephen Hale II, who heads an investment fund that owns about 10.2% of the company’s stock, to the board of directors.

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