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 (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.
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.
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.
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.
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 (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.