Earnings roundup for the week ending Dec. 11
The ‘It’s good to be a retailer” edition, despite supply chain headaches Net income for the luxury home furnishings retailer RH quadrupled to $184 million …
Tag: Up Close
Ashley Furniture adds new upholstery plant in Arizona
TOLLESON, Ariz. – Ashley Furniture Industries announced this week it is expanding its furniture manufacturing operations here with a new 225,000-square-foot plant that will employ …
Vietrade, HAWA to host Dec. 15 webinar focusing on opportunities in Vietnam
HO CHI MINH CITY, Vietnam – The Vietnam Trade Promotion Agency (Vietrade), the Vietnam Trade Office in the U.S. and the Handicraft & Wood Industry …
Ashley Furniture enters agreement to purchase West Coast fleet of Wilson Logistics
ARCADIA, Wisc. – Ashley Furniture has entered into an agreement to purchase the West Coast fleet of Springfield, Mo.-based Wilson Logistics as part of a …
Sherrill Furniture to receive $150,000 state grant for North Carolina expansion effort
CONOVER, N.C. —The State of North Carolina is providing a performance-based grant of $150,000 to luxury furniture manufacturer Sherrill Furniture to support its planned expansion …
Foundry 39 Furnishings adds home office to solid wood lineup
Company seeks to offer segment-dedicated manufacturing space in its Indiana plant along with entertainment, occasional furniture GOSHEN, Ind. — Solid wood case goods manufacturer Foundry …
What does Best Buy’s acquisition of Yardbird mean for the casual industry?
With news that Best Buy has acquired outdoor furniture brand Yardbird, it begs the question: are direct-to-consumer casual furnishings companies coming to disrupt the industry?
Man Wah Holdings plans to acquire 55% stake in Futura’s parent company
HONG KONG – Motion furniture manufacturer Man Wah Holdings Ltd. has signed an agreement to purchase a 55% stake in Chinese stationary and motion upholstery …
Thomasville owner Authentic Brands Group scrubs IPO plan
Will sell equity stakes to PE firms instead NEW YORK – Authentic Brands Group, a brand development, marketing and entertainment company that owns the Thomasville …
Vietnam update: factories continue long slog towards full capacity levels
HO CHI MINH CITY – It’s been nearly two months now that Vietnam began the long and drawn-out process of reopening its factories post lockdown. …
