Generation X had an average household income of $95,168 in 2016, easily outdistancing Baby Boomers and Millennials, according to the annual Consumer Expenditure Survey from the Bureau of Labor Statistics.
Whitewood Inds., a Thomasville, N.C.-based producer of case goods and contract upholstery, has been sold to an employee stock ownership plan.
Ethan Allen (NYSE: ETH) unveiled a new national television commercial Sunday, highlighting the company’s new brand statement, “Every detail matters.”
Stanley Furniture (NASDAQ: STLY) said it has completed the sale of substantially all of the company’s assets to an entity controlled by the chairman of the Vietnam Trade Alliance.
Casual furniture and accessories producer Palm Springs Rattan has been renamed Watermark Living and will move into a new High Point showroom in time for the April market.
Sales at Mattress Firm fell 16% to $638 million in the quarter ended Dec. 31, parent company Steinhoff International reported this week, saying the mattress retailer’s business was disrupted by a raft of operational changes and competition from online mattress players.
Pamela Thomas, supply chain director at Universal Furniture, has been elected 2018 president of WithIt, the women’s professional development network for the home furnishings industry.