September 8,
2017 by Larry Thomas in Acquisition, Business Strategy, Industry 
Hooker Furniture (NASDAQ:HOFT) said it has signed a definitive agreement to acquire Valdese, N.C.-based Shenandoah Furniture, an upscale domestic upholstery manufacturer.
September 8,
2017 by Larry Thomas in Green, Industry
The Environmental Protection Agency has extended the deadline for compliance with its new formaldehyde emissions standards for composite wood products by one year to Dec. 12, 2018.
September 8,
2017 by Larry Thomas in Executive Changes, Industry
Capel Rugs has appointed veteran textile designer Cindy Green as product design and development assistant.
September 7,
2017 by Larry Thomas in Economic News, Industry
Paced by its Home Meridian division, Hooker Furniture (NASDAQ: HOFT) reported double-digit sales and profit increases for the quarter ended July 30.
September 7,
2017 by Larry Thomas in Business Strategy, Industry
Furniture and bedding components supplier Leggett & Platt (NYSE: LEG) has reduced its 2017 earnings projections, citing rising steel costs, changes in inventory accounting and weak consumer demand for furniture and bedding.
September 7,
2017 by Larry Thomas in Executive Changes, Industry
Longtime mattress industry executive David Binke, who has been CEO of E.S. Kluft & Co. since 2015, has stepped down from that post to join King Koil as its new CEO.
September 7,
2017 by Larry Thomas in Economic News, Industry
Retailer Conn’s Inc. (NASDAQ: CONN) returned to profitability in the quarter ended July 31, registering net income of $4.27 million or 14 cents per share despite a 7.9% decline in revenues and a 15.1% drop in same-store sales.