Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.
Rug producer and importer Nourison is installing a network of solar panels on the roof of its Saddle Brook, N.J., corporate offices and warehouse that will soon be capable of producing at least 770,000 kilowatt hours of electricity annually.
High Point University student Lauren Sanchez, a senior majoring in sales with a concentration in furniture with a visual merchandising minor, has been awarded the Bill and Bonnie Peterson Endowed Scholarship for the second consecutive year.
Hooker Furniture (NASDAQ: HOFT), and its Bradington-Young and Sam Moore Furniture brands have announced the winners of the company’s first to-the-trade social media photo contest, which was held during last month’s High Point Market.
Bedding sales totaled $4.04 billion in the third quarter, an increase of 4.8% from last year’s third quarter, according to Impact Consulting Services’ proprietary industry model.
Bernards Furniture and its sister company, upholstery producer Bauhaus Furniture Group, will open their first West Coast showroom at the upcoming Las Vegas Market.
Adjustable bed supplier Customatic has invested $1 million to upgrade its customer service functions by providing 24/7 access to trained service technicians.