Consumer confidence rises slightly in August
However, purchasing plans for homes fell to a 12-year low, representing a likely weak spot for furniture sales WASHINGTON — Consumer confidence rose slightly in …
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.
Will furniture retail sales uptick in July be fleeting?
Monthly and year-over-year gains are tempered by slow year-to-date sales activity WASHINGTON, D.C. — For a change, there was some good news for the furniture …
5 takeaways from La-Z-Boy’s latest earnings call
Q1 report, conference call highlight growth opportunities for the company moving forward MONROE, Mich. — By all accounts, La-Z-Boy had an impressive start to its …
Crypton sues Williams Sonoma for unauthorized use of company trademark
Suit alleges that retailer is using Crypton trademark on products not treated with Crypton chemistry BLOOMFIELD HILLS, Mich. — Fabric resource Crypton LLC has filed …
Gerald Washington dies at age 85
PONTOTOC, Miss. — Gerald Washington, who built an upholstery manufacturing operation from the ground up that supplied retailers around the country for decades, died here …
Court places Coast to Coast Imports in receivership
Lender Fifth Third Bank said the company has defaulted on some of its financial obligations and parties agree that it is unable to manage its …
Purple announces plan to consolidate manufacturing operations
2 plants will close in Utah with capacity shifting to its McDonough, Georgia, facility LEHI, Utah — Bedding resource Purple Innovation is closing two manufacturing …
Year-over-year July existing home sales drop 2.5%
This is less than half the year-over-year decrease recorded in June as sales rose in the Northeast and West, but fell in the Midwest and …
La-Z-Boy reports 3% increase in Q1 sales
Improvement is driven by gains on the wholesale side of the business and offset by lower sales to its retail stores and lower delivered volume …
Lowe’s reports 5.1% decrease in Q2 sales
Home improvement retailer said drop was driven by continued pressure in DIY, bigger-ticket discretionary spending MOORESVILLE, N.C. — Home improvement retailer Lowe’s Cos. reported a …
