According to a recent Houzz study, homeowners will continue with their home improvement projects despite inflation and the threat of a recession. Only 1% of the 4,000 homeowners polled in October admitted to postponing projects until 2022. In contrast, with an average cost of $25,000, 37% finished one and 23% […]
Furniture News
Canadian retailer Leon’s Furniture Limited reported declines in revenues and income in the third quarter of 2022, citing a consumer push toward promotional-level products as budgets get tighter. Even though those metrics were negative, the Toronto-based company, which reports earnings in Canadian dollars, produced a 13% increase in earnings per […]
Spring Air International is preparing to roll out new, higher-end models that will extend the collection up to the $15,000 price point for queen mattresses in response to the relaunch of its opulent Chattam & Wells line last year. Mattresses at that price have never before been offered by Spring […]
Now, importers have the option of delaying the arrival of their freight. In order to help importers combat inflated inventories, the Danish shipping giant Maersk is giving them the choice to purposefully slow down their ocean freight. “At Maersk, we are working closely with our customers to support them during […]
The history of Thayer Coggin is one of a family-run upholstery business that was established in 1953 in North Carolina and has since expanded internationally. Thayer Coggin’s company has always been cross-generational, a tradition that will continue in 2022 with Phil and Franklin Miller, the vice president of marketing and […]
The Queens, New York, Ikea will close., store as of 3.12., as stated in a company announcement. The first shop in the United States opened in January 2021 and is situated in the Rego Park Mall. with a new, smaller format, offering a full range of products across 115,000 square […]
Wayfair has now reverted to negative numbers following a brief period of profitability during the pandemic. CEO Niraj Shah informed investors during an earnings call this morning that the company’s immediate goal for the upcoming quarter is to first break even and then return to profitability. “We’re continuing the work […]
According to a blog post from Alignable citing its 2022 Holiday Hiring Poll, the labor shortage may not be an issue for some small businesses, including furniture retailers, who are putting the brakes on hiring. Just 7% of small business owners, down from 36% last season, said they planned to […]
Lexington Home Brands introduced three lifestyle collections from its Tommy Bahama Outdoor Living brand at the recent High Point Market, building its presence in what it calls the “fastest growing category.” The Ocean Breeze Promenade collection draws inspiration from The most popular Tommy Bahama indoor collection in Lexington is called […]
For the third quarter of this year, which ended on June 30, Amazon’s net income decreased to $2.9 billion from the third quarter of 2021’s $3.2 billion. In the meantime, third-quarter net sales rose by 15% to $127.1 billion from third-quarter 2021’s $110.8 billion. This quarter’s diluted earnings per share […]
Inc. Ethan Allen Interiors reported sales of $214.5 million for its fiscal 2023 first quarter ended the third quarter of the previous year by 17.7% as of September 30. Company management discussed future plans on the conference call held after the earnings announcement. “It’s only the beginning. Opportunity is born […]
This October, At Home added three new stores, bringing the total number of locations to 258. The new shops are located in St. Fayetteville, Georgia; Petersburg, Florida; and East Northport, N.Y. The opening of three additional stores in Albuquerque, New Mexico, in July was followed by the opening of the […]
Furniture Today accompanied Top 100 retailer Morris Furniture on two showroom visits on Friday at this week’s High Point Market. The day gave us a behind-the-scenes look at how the 75-year-old Dayton, Ohio-based retailer conducts business with a firm with which it has a long-standing relationship in addition to how […]
PORTLAND – Porter Designs, maker of the Good Earth “Furniture with a Conscience” collection, is bringing sustainability to every possible component for its High Point Market products 16 stylish groups of sectionals, sofas, loveseats, queen sleepers, and chairs are included in the collection. Throw pillows that coordinate with the styles, […]
