Report: YOY new orders for residential furniture fell 30% in October
HIGH POINT — Year-over-year furniture shipments rose a tepid 2% in October, while new orders fell 30% from October 2021, signaling a further slowdown in …
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.
Corsicana realigns sales leadership team
IRVING, Texas — Corsicana Mattress Co. has realigned its sales leadership team as part of a strategy to “better support its growth objectives.” As part of …
Wells Fargo declaration describes financial relationship, issues with shuttered United Furniture Industries
TUPELO, Miss. — The day it abruptly ceased operations, United Furniture Industries told its primary lender that it needed a significant amount of money to …
David Gusler joins Homelegance as SVP, operations
FREMONT, Calif. — Full-line furniture resource Homelegance has hired David Gusler as senior vice president of operations, a new position. Reporting to the company’s senior …
Wells Fargo, other creditors seek Chapter 7 bankruptcy for United Furniture Industries
Bank said it is owed more than $99.2 million in secured debt TUPELO, Miss. — Wells Fargo Bank and two other creditors have filed an …
Kuka Home hires former Lane exec Chris Burgett as VP, product merchandising
HIGH POINT — Upholstered furniture manufacturer Kuka Home has named former Lane vice president Chris Burgett to the new position of vice president, product merchandising. …
AICO names industry veteran David Koehler president
PICO RIVERA, Calif. — Full-line furniture resource AICO/Amini Innovation Corp. has named industry veteran David Koehler president. He succeeds Martin Ploy, who retired following the …
Uncertainties remain with proposed mandatory tip-over developments
CPSC must review safety, testing standards in updated ASTM F2057 and decided whether to incorporate that into a mandatory safety standard for clothing storage units …
New residential construction activity drops in November
U.S. Census report shows declines in year-over-year, month-over-month housing starts and residential building permits WASHINGTON — Housing starts for the month of November dropped 16.4% …
November existing home sales fall for 10th consecutive month
NAR reports 7.7% month-over-month decline and 35.4% year-over-year decline to 4.09 million units WASHINGTON — Month-over-month existing home sales fell 7.7% in November, the 10th …
