Stanley Furniture (STLY) said third-quarter sales tumbled 19.8% as the company continued to experience production delays with a factory in Vietnam that is making its recently introduced products.
Ethan Allen (ETH) said sales in its first fiscal quarter rose 1.5%, but profits fell 12% due to increased marketing expenses, new retail store openings and costs associated with the launch of its Ethan Allen/Disney line.
Universal Furniture welcomed more than 30 students from the University of North Carolina at Greensboro to its High Point showroom last week as the culmination of a contest for interior architecture students to create a winning design for Universal’s corporate headquarters renovation.
Nova LifeStyle (NVFY), parent company of Diamond Sofa and several other lifestyle brands, said it has completed the previously-announced sale of its manufacturing operations in China to Kuka Design Ltd.
Paola McDonald, a designer with Olamar Interiors in Haymarket, Va., took home the top design award this past weekend as the Sustainable Furnishings Council announced the winners of its “Get Your Green On” design competition.
When the Atlanta International Gift and Home Furnishings Market opens for business at AmericasMart Atlanta on Jan. 10, the global retail and design community will mark the 60th consecutive winter show under continuous Portman Family ownership and management.