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 …
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.
Flexsteel reports increases in fiscal Q4, full-year sales
The company’s 4th-quarter increase was driven by sales at brick-and-mortar stores and offset by an 11.7% drop in e-commerce DUBUQUE, Iowa — Flexsteel Inds. reported …
Beryl ‘Budd’ Bugatch dies at age 79
Financial analyst was best known to the industry for his nearly 30 years at Raymond James Financial Services ST. PETERSBURG, Fla. — Longtime furniture and …
July housing completions rise 13.8% from July 2023
However, the increases were primarily in the West and South, while other activity, including building permits and housing starts, lag throughout the country WASHINGTON — …
AHFA Compliance Summit highlights major challenges of Uyghur Forced Labor Prevention Act
Vigorous customs enforcement of law threatens to disrupt relationships with key suppliers that can’t adequately document that imports are free of tainted materials COLFAX, N.C. …
Retail expansions pave wave for growth on the other side of the downturn
New store footprints show how many dealers are taking steps to grow their business despite the many challenges facing the industry HIGH POINT — Absolutely …
Year-over-year furniture store sales fall 2.4% in July
Decrease is the lowest yearly drop in the past 16 months, as sales also rose .5% from June WASHINGTON — Furniture store sales fell 2.4% …
Home Depot reports slight uptick in sales for fiscal Q2
1st-half sales drop .7%, indicating weaker consumer spending for home improvement projects ATLANTA — Home improvement retailer Home Depot reported a slight increase in sales …
Industry experts address what’s driving the luxury furniture sector
TD Cowen panel highlights challenges, opportunities for upper-end furniture in a tight economy NEW YORK — Luxury furniture resources taking part in a recent panel …
AHFA provides update on Furniture Safety Week
HIGH POINT — During its 2024 Compliance Summit held this past week, the American Home Furnishings Alliance provided updates for the first annual Furniture Safety …
