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: Markets
The latest from home furnishings markets
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 …
BIA names Paul Kenis VP of business development for the Midwest region
NORTH BRUNSWICK, N.J. – Mattress manufacturer Bedding Industries of America has named Paul Kenis as its new vice president of business development for its Midwest …
Bedscape Corp. opens Ashley store in metro Manila
MAKATI, Metro Manila – On April 15, Bedscape Corp. celebrated the grand opening and ribbon cutting of its new 9,569-square-foot Ashley Furniture HomeStore showroom located …
Ethan Allen reports declines in fiscal Q3 revenues amid ongoing retail slowdown
However, the company remains profitable with net income of $13 million during fiscal 2024 3rd quarter ended March 31 DANBURY, Conn. — Ethan Allen Interiors …
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 …
TD Bank market survey: Nearly half of respondents concerned about economy
However, nearly 40% anticipate spending on home furnishings to increase in the 2nd half HIGH POINT — A survey by TD Bank at the recently …
AI Dream acquires King Koil from Malaysia-based holding company
AVONDALE, Ariz. — Asia-based omnichannel mattress resource AI Dream has acquired King Koil, a leading U.S. manufacturer of premium mattresses, from KPS Berhad, a Malaysia-based …
Furniture Mart USA opens new Ashley store in Maple Grove, Minnesota
MAPLE GROVE, Minn. – On March 21, Furniture Mart USA (Furniture Mart) celebrated the opening of its new 30,000-square-foot Ashley showroom located at 7950 Wedgewood Lane N., Maple Grove, Minnesota. …
Housing construction activity mixed during month of March
Although the number of permits rose slightly nationwide year over year, the number of housing starts and completions fell WASHINGTON — March building permits for …
