A U.S. Bankruptcy Court judge brushed aside objections Friday to paying bonuses to seven Furniture Brands International executives but capped the total possible payments at $3.5 million.
Buoyed by increasing demand for its popular furniture and accessories, Ikea says sales grew more that 3 percent to 27.9 billion euros ($38 billion) in the latest fiscal year.
Industry veteran Chuck Rudwall died suddenly Friday at his home in Chattanooga, Tenn.
Spring Time Bedding will open its first permanent showroom in High Point for the upcoming Market.
Italian leather upholstery manufacturer Natuzzi has approval from government ministries and trade unions for a restructuring plan.
La-Z-Boy Inc. (NYSE: LZB) plans to acquire two La-Z-Boy Furniture Galleries stores in the Youngstown, Ohio, market.
Rug and accessories vendor Surya's Miles for Meals initiative has raised more than $38,000 for Akshaya Patra, one of the world’s largest NGO-run school lunch programs.