Precision Textiles’ move to North Carolina puts it closer to core customers
TROY, N.C. — When Precision Textiles opened its 160,000-square-foot plant here in September 2021, it marked a major shift in the manufacturing model it had …
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.
HomeStretch further reduces its surcharge
NETTLETON, Miss. — Motion upholstery manufacturer HomeStretch reduced its surcharge by another 2% effective this week. For dealers, this means that the surcharge will drop …
United Furniture Industries Chapter 7 case could identify more key creditors
Bankruptcy court will hold hearing Friday to appoint trustee in involuntary filing TUPELO, Miss. — Today’s anticipated hearing to appoint a trustee in the involuntary …
Eric Graham named CEO of Our House Designs
HILDEBRAN, N.C. — Industry veteran Eric Graham has been named CEO of upper-end upholstery manufacturer Our House Designs, a new position. He comes to the …
Legends Furniture hires Mariano Tellarini as its new COO, CFO
TOLLESON, Ariz. — Legends Furniture has named Mariano Tellarini as its new chief operating officer and chief financial officer. He occupies a role previously held …
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 …
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 …
