Daily News
From Home Furnishing Business
September 3,
2013 by in Business Strategy, Industry 
Swedish furniture retailer Ikea plans to accelerate store expansion, a part of its strategy to double sales to around $66 billion by 2020.
The announcement came from Ikea veteran Peter Agnefjall, who became CEO last week. Agnefjall aims to generate 5 percent annual sales growth in existing stores, while another 5 percent sales will come from new store openings.
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Source: Retail Business Review
August 30,
2013 by in Furniture Retailing, Industry
Houston's furniture king Jim McIngvale , known to his fans as "Mattress Mack," tweeted on Thursday after undergoing a heart procedure at St. Luke's Hospital.
Well wishes flooded his Twitter page after he tweeted, "I had a procedure on my heart today @ the TX Heart Ins. @ St. Luke's for a condition called PFO. Looking fwd to getting back to work soon."
McIngvale has more than 3,000 followers on the social networking site.
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Source: Houston Chronicle
August 30,
2013 by in Economic News, Industry
Consumer purchases, which account for about 70 percent of the economy, rose 0.1 percent after a revised 0.6 percent increase the prior month that was larger than previously estimated, the Commerce Department reported today in Washington.
The median forecast in a Bloomberg survey of economists called for a 0.3 percent rise. Incomes increased 0.1 percent, down from 0.3 percent the previous month.
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Source: BusinessWeek
August 30,
2013 by in Industry, Legal
Tiffin, Ohio-based Ameriwood Inds. has been fined $50,000 by the Occupational Safety and Health Adminisration for unsafe equipment.
OSHA said the company failed to use energy-control procedures on foam cutting machines, putting workers at risk.
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Source: Toledoblade.com
August 30,
2013 by in Executive Changes, Industry
A Furniture Brands Internatinoal board member has resigned after a 15-month stint on the furniture maker's board. Kent J. Hussey has resigned as a director.
Furniture Brands said in a regulatory filing today that Hussey resigned last Friday. His decision to leave the board was not a result of disagreements with the company or with matters related to company operations, the filing said.
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Source: STLtoday.com
August 30,
2013 by in Executive Changes, Industry
BDI has named Jim Lahren vice president of marketing and sales.
August 30,
2013 by in Industry, Special Events
The Ronald McDonald House Charities has honored furniture supplier La-Z-Boy as the recipient of the 2013 of the RMHC Outstanding Stewardship Award.