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 …
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.
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 …
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 …
