Slow housing market impacts Havertys’ Q4, full-year sales, earnings
Design consultants grow in importance to overall sales, representing nearly 32% of written business ATLANTA — Facing an ongoing housing slowdown that has impacted both …
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.
January existing home sales rise 2% from January 2024
Despite year-over-year gains, rising home prices and affordability remain an issue, particularly for first-time buyers WASHINGTON — January existing home sales rose 2% from January …
Broad River plans westward expansion with new Ashley store in Washington state
At more than 100,000 square feet, the location in a former Macy’s department store would be the retailer’s largest SPOKANE, Wash. — As it prepares …
La-Z-Boy’s latest earnings call highlights areas of success and opportunity
Company remains steadfast in its approach to retail store development, investing some $19 million in capital expenditures for the segment during its latest quarter MONROE, …
Old Brick Furniture and Mattress promotes Rachael Clark to chief operating officer
ALBANY, N.Y. — Rachael Clark has been promoted to chief operating officer at Old Brick Furniture and Mattress Co., a new position. She has been …
Wayfair reports slight increase in Q4 revenues, narrows net loss
Growth in US revenues offsets decline in international revenues BOSTON — Driven by sales increases in the U.S. market, Wayfair reported a slight increase in …
January housing completions rise 9.8% from January 2024
Meanwhile building permits and housing starts falter during the same period, signaling a possible decline in completions later in the year WASHINGTON — Housing completions …
Crest Leather names Anne-Marie Earl business development manager
HIGH POINT — Industry leather supplier Crest Leather has named Anne-Marie Earl business development manager, a new position. She comes to the company from Ethnicraft, …
Herzog Veneers takes digital wood imaging to the next level
High Point-based veneer supplier has improved its LithoWood process, which reproduces images of hard-to-find, exotic wood species onto mostly maple substrates HIGH POINT — In …
Conference Board offers economic outlook for year ahead
Decreases in residential investment are expected to slow in the 2nd and 3rd quarters WASHINGTON — A recently released economic forecast from The Conference Board …
