Bassett Furniture reports 2.2% drop in Q1 revenue
Decrease was led by decline in retail revenue and partially offset by slight increase in wholesale revenue BASSETT, Va. — Bassett Furniture reported a drop …
Category: Manufacturing
Talk of oil-related price increases heats up
With increases of raw materials averaging around 12%, sources note this could raise FOB prices 6%-8% HIGH POINT — Rising prices of raw materials, some …
CPSC announces recall of more than 250,000 defective plastic tip restraints
Units can break over time, leading to possible tip-over and entrapment incidents that can harm children, older adults WASHINGTON — The United States Consumer Product …
Universal Furniture celebrates opening of new upholstery plant in North Carolina
200,000-square-foot operation replaces the company’s former Southern Furniture facility in Conover, North Carolina, that it acquired in 2019 HILDEBRAN, N.C. — Universal Furniture’s move into …
Report: Furniture imports decline 12.7% from 2024
Analysis from investment banking firm Mann Armistead & Epperson shows the wholesale value of furniture shipments to the US totaled $29.6 billion last year RICHMOND, …
Value of 2025 US furniture exports falls 4.7% from 2024
Decline in shipments from overseas producers also appears to narrow the trade deficit in household furniture WASHINGTON — The wholesale value of 2025 residential furniture …
Kuka Home achieves full vertical integration of motion upholstery products
HIGH POINT — Kuka Home North America has announced the strategic investment cooperation of Changzhou Denfeng Electric Co. Ltd., a motor and component manufacturer, completing full …
Disruptions from war in Middle East could hasten industry price increases this spring
Sources say the price of oil-based materials such as paints, finishes and foam could rise, but of even greater concern are potential hikes in container …
Gold Bond introduces adjustable-base friendly pocket coil mattress option for popular collections
HARTFORD, Conn. — Leading independent mattress manufacturer Gold Bond is once again charting new ground for the industry by offering a new construction option for …
Elements International reaches agreement to sell Style Line Furniture to Jonathan Louis
Sale would include Verona, Mississippi, upholstery manufacturer’s assets including 350,000- square-foot plant and surrounding real estate VERONA, Miss. — Full-line resource Elements International Group LLC …
