New residential construction activity drops again in December
Some bright spots emerge in regions where housing construction, completion levels rise compared to November and last year WASHINGTON — Building permits and housing starts …
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.
AHFA asks industry to reach out to elected officials to halt CPSC tip-over standard
LAS VEGAS — The American Home Furnishings Alliance is encouraging the industry to reach out to their elected representatives to help stop the United States …
2022: The year in furniture recalls
Does a drop in the number of recalls mean that the industry is producing safer products? WASHINGTON — Data from the U.S. Consumer Product Safety …
Flexsteel returns to Las Vegas Market with 1st permanent space since January 2020
LAS VEGAS — Full-line upholstery and case goods resource Flexsteel is returning to the Las Vegas Market this week with its first permanent showroom since …
Tom Lias to retire from Gorman’s, Duane Petroskey named president
FARMINGTON HILLS, Mich. — Long-time retail executive Tom Lias is retiring as president and chief executive officer of Gorman’s Home Furnishings & Interior Design and …
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 …
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 …
