Big Lots annual report shows 13.6% drop in overall sales, 16% decline in furniture
Soft retail sales, store closures and Universal shutdown contributed to loss, company says After posting unaudited financials in early March, Big Lots now has filed …
Category: Featured
Featured stories bring you interesting content from the past few days curated by Home News Now.
Derek P. Schmidt to succeed Jerry Dittmer as CEO of Flexsteel
Dittmer to step down from role on June 30, Schmidt assumes post July 1 DUBUQUE, Iowa — Full-line furniture resource Flexsteel announced Monday that company …
FTC fines Williams Sonoma $3.17 million for violating made-in-USA order
Record penalty stems from 2020 order regarding the labeling of where products are made WASHINGTON — The Federal Trade Commission announced that lifestyle furniture and …
Andmore announces executive transition
Jonathan Pertchik to succeed longtime CEO Bob Maricich, Dorothy Belshaw named president LAS VEGAS — Bob Maricich, the longtime furniture industry executive who founded International …
FTC votes to ban noncompete agreements
Manufacturer associations strongly oppose new rule In what it says is an effort to promote competition, the Federal Trade Commission issued a final rule this week …
CIN research addresses effect of interest rates on furniture sales
Current mortage-rate levels appear to be having a bigger impact on the purchase plans of younger versus older consumers HIGH POINT — There’s been a …
Theodore Alexander USA to consolidate operations in Trinity, North Carolina
Company is moving manufacturing, administration and distribution to 200,000-square-foot former United Furniture plant during 2nd and 3rd quarters TRINITY, N.C. — Luxury furniture manufacturer Theodore …
The ebb and flow of furniture markets
A strong market for some often ends up being a bad one for others HIGH POINT — It’s often hard being the messenger in this …
Occasional category has strong showing at High Point Market
Cocktail, end table and sofa table groups, plus entertainment units and accent pieces, continue to help elevate the living room segment in style and functionality …
Existing home sales fall 3.7% in March
Year-over-year sales fell in all 4 regions of the US WASHINGTON — Year-over-year existing home sales fell in March with all four regions of the …
