Dorel Q3 results reflect downsizing of its furniture division
Dorel Home reports 40.7% decline in Q3 revenue, representing an intentional reduction of noncore SKUs MONTREAL — Dorel Industries reported a 15.7% decline in revenue …
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.
Mortage Bankers report shows home affordability rose in September
Association says costs improved for the 4th consecutive month, supported by lower mortgage rates and a growing housing supply WASHINGTON — Data from the Mortgage …
A High Point Market conversation with Todd Wanek, president and CEO of Ashley Furniture
HIGH POINT — At the October High Point Market, Home News Now sat down with Todd Wanek, president and CEO of Ashley Furniture, who talked …
Arhaus reports 8% increase in Q3 revenue
Comparable-store sales rise 4.1% resulting from ‘healthy underlying client demand and strong operational execution’ BOSTON HEIGHTS, Ohio — HNN 125 Retailer Arhaus reported an 8% …
Smith Leonard report: Furniture orders, shipments down from August 2024
New orders were down 3% and shipments were down 6% from a year ago HIGH POINT — New orders and shipments of residential furniture were …
More than 119,200 additional clothing storage units recalled since mid-October
CPSC says units do not meet the requirements of the STURDY Act and thus pose a danger to children and others WASHINGTON — In the …
Existing home sales rise 4.1% from September 2024
Sales also rise 1.5% from August, suggesting a rebound in the housing market WASHINGTON — Bolstered by lower interest rates, existing home sales rose 4.1% …
Pending home sales fall .9% from September 2024
Year-over-year and monthly activity rises in the Northeast and South, but falls in the Midwest and West WASHINGTON — Pending home sales fell .9% from …
Products and people seen at High Point Market
In typical market fashion, Home News Now visited many different showrooms and socials during the October High Point cycle. Despite larger macroeconomic issues that threatened …
Meridian Furniture to exhibit at BDNY hospitality show Nov. 9-10
NEW YORK — Meridian Furniture, a fast-growing brand known for its broad line of affordable, high-style designs, will be exhibiting at BDNY, the leading trade …
