April 28,
2017 by Larry Thomas in Economic News, Industry
Leggett & Platt (NYSE: LEG), a major supplier of furniture and bedding components, said first-quarter sales rose 2.3% to $960.3 million, but net income slipped nearly 4% due largely to higher raw material costs.
April 27,
2017 by Larry Thomas in Economic News, Industry
Ethan Allen (NYSE: ETH) said sales fell 5.3% to $180.5 million in the quarter ended March 31 as profits were more than 77% below the same quarter last year.
April 24,
2017 by Larry Thomas in Economic News, Industry
May and August have always been steady and strong months for furniture sales, but March has emerged as a huge sales month, according to new data from the U.S. Census Bureau’s monthly retail trade and food services report.
April 21,
2017 by Larry Thomas in Economic News, Industry
Upholstery and case goods resource Flexsteel Inds. (NASDAQ:FLXS) said sales slid 3.7% to $120.8 million in the quarter ended March 31, but profits rose nearly 10% to $7.6 million or 96 cents per share.
April 20,
2017 by Larry Thomas in Economic News, Industry
Airbed manufacturer and retailer Select Comfort (NASDAQ: SCSS) said first-quarter profits were nearly double last year’s opening quarter as sales rose 11.6% to $393.9 million.
April 20,
2017 by Larry Thomas in Economic News, Industry
FurnitureDealer.Net, a provider of websites and omnichannel marketing services for independent home furnishings retailers, has promoted company veterans Kayla Wallace, Alex Kirsch and Emily Severson as part of a succession plan approved by the company’s founders and senior leadership team.
April 19,
2017 by Jane Chero in Business Strategy, Designer Weekly, Economic News, Industry
Upholstery producer Norwalk Furniture is hosting a competitive intelligence/trends forecast called “Color as Counter-trend” on Monday, April 24, from 6:00 p.m. - 7:30 p.m., in the Norwalk Showroom, IHFC M108. The event is presented by WithIt.