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From Home Furnishing Business

Report: Kane’s Settles Class Action Suit Over Bonded Leather

Tampa, Fla.-based Kane’s Furniture has settled a class-action lawsuit involving customers who claimed the retailer failed to honor their warranty when their bonded leather upholstery peeled and cracked, according to a story in the Tampa Bay Times.

Serta Simmons Commits $100M to Boost Production, Marketing

Serta Simmons Bedding, the nation’s biggest mattress producer, said it is making a multi-year investment of more than $100 million to expand production capacity and boost its marketing efforts.

Select Comfort Records Q4 Profit on Big Sales Gain

Bedding manufacturer and retailer Select Comfort (NASDAQ: SCSS) reported a fourth-quarter profit of $11.3 million or 25 cents per share, reversing a net loss from a disastrous fourth quarter in the prior year, when a new enterprise resource planning system led to lost sales and canceled orders.

Tempur Sealy Adopts Rights Plan in Wake of Stock Slide

Bedding producer Tempur Sealy International (NYSE: TPX), whose stock price has been hammered since it announced last week it no longer would sell products to Mattress Firm, said its board of directors has approved a stockholder rights plan to protect the company against hostile takeover bids.

Designer Richard Frinier Cited for Caravan Collection at Sunbrella

Designer and visionary Richard Frinier continues to inspire with his Caravan Collection for Sunbrella Fabrics, and has received the Good Design Award from the Chicago Athenaeum Museum of Architecture and Design in conjunction with the European Centre for Art, Design and Urban Studies. The vintage Moroccan Rugs collection has earned three distinctive awards in 2016.

Norwalk Products on Display at Home Builders Show

Upholstery producer Norwalk Furniture had several of its products on display in a newly remodeled home that was part of the recent International Builders Show sponsored by the National Association of Home Builders.

Kingsdown Exec Featured on ‘E! News’ Segment

The director of Kingsdown’s Sleep to Live Institute, Robert Oexman, recently was featured as a sleep expert on “E! News,” the nightly entertainment news and celebrity gossip program on the E! Entertainment channel.

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