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.
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Source: Radio-Canada.ca
August 22,
2013 by in Business Strategy, Furniture Retailing, Industry
Ashley Furniture Industries CEO Todd Wanek is in Ho Chi Minh City to discuss the possibility of opening another factory in the southern province of Binh Duong.
He has met and worked with Pho Xinh CEO Duong Quoc Nam on a new plan for bilateral cooperation. The two companies recently signed in the U.S. a memorandum of understanding (MoU) on joint investment cooperation worth $10 million in July.
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Source: Bao Moi.com
August 21,
2013 by in Industry, Web Retail
West Coast retailer Mor Furniture for Less has revamped its Web site to provide an easier, more enjoyable experience purchasing furniture online.
August 21,
2013 by in High Point, Industry, Internet, Market
The High Point Market Authority has launched an online tool to help vendors increase showroom traffic.
August 21,
2013 by in High Point, Market
A new case goods importer, My Home Furnishings, will debut at this fall's High Point Furniture Market.
August 21,
2013 by in Industry, Special Events
Interior designer Adriana Hoyos will host the 25th Annual American Furniture Hall of Fame induction banquet at the Fall High Point Market.
August 21,
2013 by in Financial Reports, Furniture Retailing, Industry
Buoyed by a 6 percent rise in total sales, furniture maker La-Z-Boy Inc. on Tuesday reported a fiscal first quarter profit of $9.6 million, or 18 cents per share, up 118 percent from $4.4 million, or 8 cents per share, for the same period a year ago.
The Monroe-based company, which makes the iconic La-Z-Boy recliner, said its quarterly sales totaled $318.9 million, compared with $301.5 million a year earlier.
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Source: Toledoblade.com