Daily News
From Home Furnishing Business
October 14,
2024 by Karen Parrish in Business Strategy, Industry 
Ingka Group today announced its share of IKEA retail sales of EUR 39.6 billion for the financial year 2024, a decrease of 5% compared to last year (EUR 41.7 billion in FY23). The company has prioritized lowering the prices to customers by investing more than EUR 2.1 billion across thousands of products across all markets. This led to an increase in store visitation by more than 3% and online visitation by 28% while the number of online orders went up by 9%.
October 14,
2024 by Karen Parrish in Business Strategy, Industry
Industry-leading 3D technology provider Intiaro is launching a powerful 3D tool that makes it simple for custom furniture manufacturers to show any customer specified fabric on any furniture design, in real-time with no specialized 3D skills required.
October 13,
2024 by Karen Parrish in Business Strategy, Industry
Greenington is excited to announce the launch of its highly anticipated Signature Line during the High Point Fall Market, setting a new standard for modern elegance. The Signature Collections were crafted with a bold, rich, and sophisticated approach that demands admiration and transforms any space into a haven of style and luxury.
October 13,
2024 by Karen Parrish in Business Strategy, Industry
La-Z-Boy Incorporated, a global leader in the retail and manufacture of residential furniture, announced that Bob Lucian, senior vice president and CFO, will retire at the end of the fiscal year, effective April 26, 2025. Taylor Luebke, vice president, finance and treasurer, will succeed Lucian as senior vice president and CFO beginning January 1, 2025.
October 13,
2024 by Karen Parrish in Business Strategy, Industry
Bassett Furniture Industries, Inc. reported its results of operations for its third quarter ended August 31, 2024. In addition, the Company’s Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year’s quarterly dividend.
October 13,
2024 by Karen Parrish in Business Strategy, Industry
Ingka Investments has made its second investment in the 1,333MW Golden Plains Wind Farm in Victoria, Australia, taking a 15 percent stake in Stage 2 of the 2.5 billion EUR mega-project that will be the biggest wind farm in the southern hemisphere.
October 13,
2024 by Karen Parrish in Business Strategy, Industry
Pottery Barn, a portfolio brand of Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, announced the launch of a new home furnishings collaboration inspired by the Warner Bros.’ holiday film, The Polar Express.