September 29,
2017 by Larry Thomas in Economic News, Industry 
A new study shows that the replacement value of furniture and bedding destroyed by Hurricanes Harvey and Irma is likely to top $4 billion in Texas and Florida – and could go higher, depending on how much financial assistance homeowners receive from insurance claims and state and federal governments.
September 29,
2017 by Larry Thomas in Community / Charitable Support, Industry
The Dallas Market Center has formed a partnership with the Houston Furniture Bank and launched a $1 million fund-raising effort to benefit victims of Hurricane Harvey.
September 29,
2017 by Larry Thomas in Economic News, Industry
Bassett Furniture Inds. (NASDAQ: BSET) said profits jumped 9.9% in the quarter ended Aug. 26 on a 9.1% increase in sales.
September 29,
2017 by Larry Thomas in Executive Changes, Industry
La-Z-Boy (NYSE: LZB) said Louis M. (“Mike”) Riccio Jr. the company’s senior vice president and chief financial officer since 2006, will retire in June 2018 after the company completes its fiscal 2018 year-end reporting.
September 28,
2017 by Larry Thomas in Executive Changes, Industry
Scott Smith, a 25-year furniture industry veteran who most recently was president of Caracole, has been named executive vice president of Vanguard Furniture.
September 28,
2017 by Larry Thomas in Economic News, Industry
Pier 1 Imports (NYSE: PIR) said sales edged up 0.4% to $407.6 million in the quarter ended Aug. 26, but the retailer’s net loss nearly doubled from the same quarter last year.
September 28,
2017 by Larry Thomas in Business Strategy, High Point, Industry, Market
Abbyson is dramatically expanding its case goods lineup at next month’s High Point Market by adding more than 500 SKUs of bedroom, dining room, bar and occasional furniture.