Bassett reports Q4, full-year results
Company posts gains in quarterly and YOY sales, significant growth in annual net income BASSETT, Va. — Upholstery and case goods manufacturer Bassett Furniture reported …
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.
Ethan Allen reports 2.4% drop in fiscal Q2 sales, 15.5% increase in net income
DANBURY, Conn. — Ethan Allen reported a 2.4% drop in consolidated net sales and a 15.5% increase in net income for its fiscal 2023 second …
AICO promotes Gabriel Duran to VP, marketing
PICO RIVERA, Calif. — Full line furniture resource AICO/Amini Innovation Corp. has promoted company and industry veteran Gabriel Duran to the role of vice president, …
Existing home sales decline for 11th straight month in December
YOY sales fell across all regions, representing an overall drop of 34% from December 2021 WASHINGTON — Existing home sales fell for the 11th consecutive …
Steger’s Furniture adding new location in Peoria, Illinois, this summer
50,000-square-foot store will be about the same size as its existing location in nearby Pekin PEORIA, Ill. — Retailer Steger’s Furniture in Pekin is doubling …
Court names trustee in United Furniture Industries bankruptcy case
Appointment follows Jan. 18 conversion of case from a Chapter 7 to Chapter 11 ABERDEEN, Miss. — The United States Bankruptcy Court for the Northern …
J. Rountree Collett retiring from Bernhardt
Company announces other promotions in corporate reorg: William B. Collett named COO and president, Bernhardt Ventures, Steve Pilgrim promoted to president, Bernhardt Residential LENOIR, N.C. …
Kingsdown reviews seek to capture consumer sentiment about brand
Sleep Love Share campaign gathers customer feedback to help promote the line on the retail sales floor MEBANE, N.C. — For many companies in and …
Inside Kingsdown’s flagship North Carolina factory
In late 2022, Home News Now visited the Kingsdown plant in Mebane, North Carolina, which is also home to the company’s headquarters. The 100,000-square-foot plant …
Serta Simmons Bedding files Chapter 11
HOUSTON — Bedding giant Serta Simmons Bedding filed for Chapter 11 bankruptcy protection late Monday, a move that will likely disrupt the huge portion of …
