2023 retail sales report: Furniture is low on list of consumer priorities
Estimated 5.4% sales decline for the year shows sector trails significantly behind the growth seen in most other segments WASHINGTON — A review of 2023 …
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.
Bernards unveils new brand targeted to designers
Apex will launch its debut introduction, the 80-piece Trilogy collection, during the spring High Point Market cycle HIGH POINT — Wood furniture and upholstery resource …
Will continuing logistics disruptions renew interest in nearshoring?
Container prices have had the industry in a panic once again, with talk of rising prices if rates continue to escalate Geopolitical events continue to …
The RoomPlace bankruptcy declaration cites rise in interest rates as a challenge to business
Subsequent decline in housing sales, construction had adverse impact on furniture sales LOMBARD, Ill. — A rise in interest rates that impacted housing sales and …
Are acquisitions in Flexsteel’s future?
Reduction in debt is expected to free up cash to help company achieve its expansion goals DUBUQUE, Iowa — Flexsteel’s latest earnings report for its …
Bankruptcy court OKs protocol for Mitchell Gold customers to receive furniture
An estimated 1,400 pieces in the company’s warehouses have been assigned to paying customers WILMINGTON, Del. — The U.S. Bankruptcy Court for the District of …
Asia show circuit starts this month
Arrival of Chinese New Year and Tet highlights winter season of shows in Malaysia, Vietnam, the Philippines, Indonesia and China With much anticipation, we along …
Flexsteel reports 7.5% increase in fiscal Q2 sales
Company plans to close its Dublin, Georgia, plant, a move that will result in annual cost savings of $4 million to $4.5 million, impact 150 …
Top unsecured creditors identified in The RoomPlace bankruptcy
Editor’s note: This story has been updated to reflect a more accurate listing of creditors and amounts owed, most notably those named on the unsecured …
The RoomPlace files for Chapter 11 bankruptcy
Retailer to close 8 stores in outlying markets and keep its remaining 18 Chicago-area stores open CHICAGO — Home News Now 125 Retailer The RoomPlace …
