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From Home Furnishing Business

Ethan Allen Sales Rise 1.5%, But Profits Fall in Latest Quarter

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.

Nova LifeStyle Completes Factory Sale to Kuka Design

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.

SFC Celebrates 10th Anniversary, Names Winners of Design Contest

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.

Last Mile Home Opens Oregon Distribution Center

Home delivery specialist Last Mile Home has opened a 31,000 square-foot distribution center in Portland, Ore., the sixth distribution center that parent company Manna Freight Systems has opened in a major market in the past three years.

FastFact: Value of B2B E-commerce Shipments Rises Steadily in Past Decade

The dollar value of business-to-business e-commerce shipments within the furniture manufacturing segment in nearly 51% of the total value of all shipments in that segment, according to a U.S. Census Bureau report.

Market Authority, CIFF to Organize American Pavilion at Shanghai Show

The High Point Market Authority is partnering with organizers of the China International Furniture Fair (CIFF) to encourage U.S.-based home furnishings companies to exhibit at CIFF’s show in Shanghai next September.

La-Z-Boy Projects Quarterly Sales Decline

La-Z-Boy (LZB) became the latest publicly-traded home furnishings company to report weak retail demand, announcing Thursday that it expects to have a sales decline of 1% to 2.5% in the current fiscal quarter, which ends Oct. 29.

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