Daily News
From Home Furnishing Business
October 30,
2024 by Karen Parrish in Business Strategy, Industry 
Ingka Investments, the investment arm of Ingka Group, continues its renewable energy investments with a new photovoltaic solar park in Langeron, central France, now fully operational. The investment, made in 2023, consists of 34,500 modules and will have an annual production estimated at 23 GWh per year, the equivalent of the annual consumption of more than 6,000 households.*
October 30,
2024 by Karen Parrish in Business Strategy, Industry
“Our actions throughout the business over the past year are driving sustainable operating model improvements and contributing to our increased financial flexibility and durability. Our initiatives drove broad cost efficiencies and a gross margin rate improvement to 60.8%, resulting in third quarter adjusted EBITDA of $28 million, which was in-line with expectations even with persistent consumer demand weakness,” said Shelly Ibach, Chair, president and CEO.
October 30,
2024 by Karen Parrish in Business Strategy, Industry
XPO announced its financial results for the third quarter 2024. The company reported diluted earnings from continuing operations per share of $0.79, compared with $0.72 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $1.02, compared with $0.88 for the same period in 2023.
October 30,
2024 by Karen Parrish in Business Strategy, Industry
Ethan Allen Interiors Inc., a leading interior design destination, reported its results for the fiscal 2025 first quarter ended September 30, 2024. Visit the Ethan Allen website to see the full report.
October 29,
2024 by Karen Parrish in Business Strategy, Industry
Bassett Furniture Industries, Inc. announced that Tony Chivari has joined the Company as SVP-Chief Marketing Officer. Mr. Chivari has held similar positions with 1-800-Flowers.com, Gem Shopping Network, and Things Remembered.
October 29,
2024 by Karen Parrish in Business Strategy, Industry
The Big Lots Foundation is donating $200,000 to support relief and recovery efforts in communities impacted by Hurricanes Helene and Milton through the United Way as it responds to critical needs including emergency shelter, food and water, as well as long-term rebuilding and recovery efforts.
October 29,
2024 by Karen Parrish in Business Strategy, Industry
Knoll announces the North American debut of the Perron Pillo Sofa, a new collaboration with designer, creative director, and cultural polymath Willo Perron. With a deep history of partnering with boundary-pushing leaders, Knoll reveals a design that translates Perron's distinct perspective into a sofa that defies expectations.