Corsicana update: $145M in debt, slump in business led to Chapter 11 bankruptcy
Declaration spells out key financial challenges that have hurt the mattress manufacturer DALLAS — The burden of more than $145 million in funded debt combined …
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Corsicana Mattress Company files for Chapter 11 bankruptcy
DALLAS — Corsicana Mattress Company and various affiliated entities filed for voluntary Chapter 11 bankruptcy protection Saturday as part of a plan to restructure and …
Are you ready for an ugly 12 months?
Might as well rip the Band-Aid off and just come out and say it: It’s going to be an ugly, rough ride for the furniture …
Sherrill Furniture advances domestic manufacturing initiatives
The company has begun shipping from its new upholstery plant, while investing in new equipment for case goods production at Hickory White HICKORY, N.C. – …
A sneak peak at Meximuebles
JAMAY, Jalisco — This week Home News Now’s Tom Russell traveled to Mexico to visit case goods manufacturer Meximuebles. The company has two plants here along …
Southern Motion, Fusion Furniture trim workforce to match lower demand
PONTOTOC, Miss. — The parent of Southern Motion and Fusion Furniture said it laid off about 280 workers this week now that furniture demand has …
Exclusive Furniture preps for Houston store No. 8
But future growth plans slow amidst economic uncertainty HOUSTON — With a little help from its utility company, Exclusive Furniture will open its eighth store …
Is there a silver lining to interest rate hike?
Now may be the opportune time for the industry to take an aggressive marketing approach Last week’s announcement of the largest interest rate hike by …
Survey shows consumers can use some confidence in updating their homes
A big part of our industry is forecasting and shepherding in home furnishings trends — and ushering out those that have grown a little tired. …
Jury awards Raffel Systems $106.8M for Man Wah’s alleged stealing of intellectual property
Cap on punitive damages may place actual award at just over $11 million GERMANTOWN, Wisc. — A federal jury has awarded Germantown-based Raffel Systems nearly $107 …
