August 23,
2013 by in Acquisition, Industry 
MicroD Inc. has acquired Channel Redefined, an e-commerce company, in an effort to enhance its leadership position for online solution to the home furnishings industry.
August 22,
2013 by in Financial Reports, Industry
Sears Canada reported that second-quarter revenue fell 9.6 percent from the same period last year.
...
Read Full Article...
Source: Yahoo! Canada
August 22,
2013 by in Industry, Special Events
George Cartledge Jr. of furniture retailer Grand Home Furnishings will be inducted into the Southwest Virginia Business Hall of Fame
....
Read Full Article...
Source: Roanoke Times
August 22,
2013 by in Financial Reports, Industry
Although J.C. Penney reported a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue, small signs suggest that interim CEO Myron Ullman may be starting to turn things around.
The quarter was the first entirely under Ullman's watch. Ullman returned to the retailer in April to undo the strategy put in place by Ron Johnson, who planned to transform J.C. Penney stores into a series of branded in-store shops.
...
Read Full Article...
Source: Retailing Today
August 22,
2013 by in Financial Reports, Industry
La-Z-Boy Inc. (NYSE: LZB) has declared a quarterly cash dividend on the company's common stock of $0.04 per share.
August 22,
2013 by in Industry, Store Openings
Furniture and textile maker Knoll has opened its first corporate run retail store in New York City.
The store occupies a storefront below its relocated showroom on 6th Ave and 54th St., and aims to be a customer friendly place to browse and buy Knoll products while the showroom will service design trade professionals.
Hunter De La Cruz, the Knoll Shop Manager said that the plan is to update the merchandise mix of the store every 6 to 8 weeks to reflect the season.
...
Read Full Article...
Source: PSFK
August 22,
2013 by in Economic News, Industry
The sudden closure of AP Industries in Canada is difficult for the 150 employees licensees and will impact on the region's local economy.
The furniture manufacturing company, which experiencing financial difficulties for several years, closed its doors last week.
The employees learned of the layoff the night before the closing.
...
Read Full Article...
Source: Radio-Canada.ca