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From Home Furnishing Business

Frank Lorenzo Named IHFRA President

Frank Lorenzo has been elected the 77th president of the International Home Furnishings Representatives Association

Culp 3Q Sales Climb 12%

Fabric and mattress ticking supplier Culp (NYSE: CFI)  reported net income of $3.8 million for the third quarter ended Feb. 1 compared to net income of $8.4 million in the same quarter last year. 

Manufacturing Summit Set at Mississippi State

The Franklin Furniture Institute and the American Home Furnishings Alliance (AHFA) will host a joint Manufacturing Summit on the campus of Mississippi State University

Ashley Drops $6M Tax Credit

Ashley Furniture Inds. has decided not to chase a $6 million tax credit through the Wisconsin Economic Development Corp. to support the company’s expansion in its home state.

Wayfair Reports 4Q Loss of $72.6 Million

Online home furnishings retailer Wayfair (NYSE: W) reported a net loss of $72.6 million for the fourth quarter ended Dec. 31 compared with a loss of $4.2 million in the same quarter last year.

Exstra Design Introduces Website

Bedroom and dining supplier Exstra Design has unveiled its easy-to-navigate website to help retailers, designers and consumers uncover needed information quickly.

Broad River Plans Headquarters in S.C.

Charlotte, N.C.-based Broad River Furniture plans to invest $12.6 million to establish a corporate campus and distribution center in Fort Mill, S.C.

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