Planned 25% tariffs on Canada and Mexico continue to cause confusion, disruption
Some hope that there still will be room for negotiation between the US and its northern and southern neighbors to help stem the financial burden …
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.
Suppliers react to tariffs with mix of price hikes, adjustments
Some changes were effective days before the Trump administration delayed the tariffs on Canada and Mexico from taking effect HIGH POINT — Under the strain …
Lowe’s reports net income of nearly $7B for fiscal year 2024
Home improvement retailer also reports increase in net income for Q4 exceeding $1B MOORESVILLE, N.C. — Home improvement retailer Lowe’s Cos. reported an increase in …
Smith Leonard: December 2024 furniture orders rise 1% from December 2023
Meanwhile shipments decline 2% during same period, according to latest Furniture Insights report HIGH POINT — New orders for residential furniture rose 1% in December …
Lofty Design Expo introduces US buyers to capabilities of Turkish furniture producers
Event showcases a wide mix of upholstery and case goods mostly from Turkey but also from Brazil and China MIAMI — The recently concluded Lofty …
Arhaus earnings conference call lends insight into short- and long-term growth initiatives
Retailer plans $90 million to $110 million in capital expenditures this year compared with $66 million in 2024 BOSTON HEIGHTS, Ohio — One of the …
Home Depot reports increase in Q4, full fiscal year ’24 sales
Company said results exceeded expectations as consumers continued their spending on home improvement projects ATLANTA — Home improvement retailer Home Depot reported an increase in …
Trump administration imposes 25% tariffs on Mexico and Canada
Meanwhile, an additional 10% tariff is being placed on China, effectively doubling the rate imposed last month WASHINGTON — In a move that will have …
CPSC announces recall of 3,300 China-made chests sold on Amazon
Agency said units violate the performance, labeling requirements of the STURDY Act and pose a tip-over and entrapment hazard WASHINGTON — The United States Consumer …
Study offers insight into home improvement spending by state
Hawaii and California rank high on survey, followed by Massachusetts, New Jersey and New York in the Top 5 PORTLAND, Ore. — Research by a …
