Smith Leonard report: Furniture orders, shipments down from August 2024
More than 119,200 additional clothing storage units recalled since mid-October
Existing home sales rise 4.1% from September 2024
Products and people seen at High Point Market
Licensed collections make an impression at fall High Point Market
Year-over-year and monthly activity rises in the Northeast and South, but falls in the Midwest and West WASHINGTON — Pending home sales fell .9% from…
A look back at private equity investments in the furniture industry
The American furniture business was built by families — craftsmen who measured success in legacy, quality and relationships, not quarterly earnings. Over time, private equity…
Magnussen Home names Page Wilson senior VP, strategic accounts
HIGH POINT — Magnussen Home has named industry veteran Page Wilson senior vice president of strategic accounts, a new position. Page Wilson He comes to…
Havertys reports 10.4% increase in Q3 sales
Total written business rose 10% and same-store written business rose 8% for the quarter ended Sept. 30 ATLANTA — Havertys Furniture reported a 10.4% increase…
As The (Legal) World Turns: A litigation update
To those who breathlessly await updates in the Franchise Group-B. Riley-Prophecy Asset Management-American Freight-Buddy’s Home Furnishings-Conn’s-Badcock Home Furnishings-Brian Kahn-Bryant Riley soap opera, a thousand apologies.…
Havertys reports 10.4% increase in Q3 sales
Total written business rose 10% and same-store written business rose 8% for the quarter ended Sept. 30 ATLANTA — Havertys Furniture reported a 10.4% increase…
Kelly Cassady joins Cassady Closeouts as director, sales and marketing
NAGS HEAD, N.C. — Cassady Closeouts, a leading supplier of overstocks, closeouts, special buys and bankruptcies, has appointed Kelly Cassady as the company’s new director…
Legacy Classic | Modern promotes Courtney Cole to VP, merchandising operations, strategy and business analytics
HIGH POINT — Legacy Classic | Modern has promoted Courtney Cole to vice president, merchandising operations, strategy and business analytics. Courtney Cole She has been…
Green River Group creates US holding company for brands it acquired last year
Green River Brands includes case goods specialist HH2 Home and motion upholstery resource Vogue Home HIGH POINT — Asia furniture manufacturer Green River Group is…
IHFRA voices concerns about tariffs to President Trump
HIGH POINT –– The Independent Home Furnishings Representatives Association, which represents over 1,500 independent sales professionals across the U.S., has formally submitted a letter to…
More than 119,200 additional clothing storage units recalled since mid-October
CPSC says units do not meet the requirements of the STURDY Act and thus pose a danger to children and others WASHINGTON — In the…
Explaining the new rule on truck drivers and what it means for the industry
A short time ago, Home News Now reported on a dramatic move aimed at improving roadway safety announced by U.S. Transportation Secretary Sean P. Duffy,…
From dining tables to elegant credenzas and sleek sofas, High Point Market is offering attendees a wide variety of furniture with unique styles and on-trend…
Products seen at premarket in September
Home News Now spent several days last month in downtown High Point, where we visited a number of showrooms open for the Sept. 15-16 premarket.…
SAN DIEGO, Calif. — Mor Furniture has announced that CEO Richard “Rick” Haux Jr. retired from the company after a distinguished 44-year career, effective Oct. 31. Under…
Meridian Furniture to exhibit at BDNY hospitality show Nov. 9-10
NEW YORK — Meridian Furniture, a fast-growing brand known for its broad line of affordable, high-style designs, will be exhibiting at BDNY, the leading trade…

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Retail
Existing home sales rise 4.1% from September 2024
Sales also rise 1.5% from August, suggesting a rebound in the housing market WASHINGTON — Bolstered by lower interest rates, existing home sales rose 4.1%…
Richard Haux Jr. retires from Mor Furniture after 44 years
SAN DIEGO, Calif. — Mor Furniture has announced that CEO Richard “Rick” Haux Jr. retired from the company after a distinguished 44-year career, effective Oct. 31. Under…