Flexsteel reports 1.1% drop in net sales for fiscal Q1
Net income, gross margin rise due to expense controls, other cost savings initiatives DUBUQUE, Iowa — Full-line furniture resource Flexsteel Industries reported a slight decrease …
Author: Thomas Russell
Home News Now Editor-in-Chief Thomas Russell has covered the furniture industry for 25 years at various daily and weekly consumer and trade publications. He can be reached at tom@homenewsnow.com and at 336-508-4616.
Executive insights: What to expect in the coming months
High Point Market interviews reveal reaction at market and how this bodes for the rest of the year heading into 2024 HIGH POINT — Conversations …
Latest Overstock results reveal challenges, opportunities in the retail sector
Despite decreases in revenues, company has gained 300,000 new customers in the past quarter following acquisition of Bed Bath & Beyond MIDVALE, Utah — Overstock’s …
Consumer confidence falls again in September
Fears of a recession continue to rise amid high interest rates, rising prices WASHINGTON — Consumer confidence fell again in September, the Conference Board reported …
Home Depot promotes 2 to senior leadership roles
Ann-Marie Campbell named senior executive VP; Hector Padilla named executive VP, US stores ATLANTA — HNN 125 retailer Home Depot has named Ann-Marie Campbell senior …
Charlie Eitel steps down as SSB CEO after 4 months
Mark Genender, board chairman, named interim CEO as company begins search for new executive DORAVILLE, Ga. — Serta Simmons Bedding LLC announced today that board …
September existing home sales fell 15.4% from last year
All four regions of the U.S. experienced year-over-year declines WASHINGTON — Year-over-year and month-over-month existing home sales fell again in September as home prices continue …
A conversation with Barclay Butera
At market, Barclay Butera took time to speak with Home News Now about his latest collection, Villa Blanca, his seventh with Lexington Home Brands. The …
Ethan Allen reports declines in fiscal Q1 revenues, net income
Company attributes drop in sales to July flooding of plant in Orleans, Vermont, and a slowdown in business DANBURY, Conn. — Ethan Allen Interiors reported …
SB360 Capital Partners to liquidate Klaussner finished goods, raw materials inventory
Company intends to negotiate sales with existing Klaussner customers and others interested in the closed company’s assets BOSTON — Asset disposition and advisory firm SB360 …
