Closets Magazine has been relaunched, by popular demand. Following a two-year hiatus, the home storage solutions publication has been completely remodeled and re-organized, to better serve the home organization professional.
Ethan Allen Chairman and CEO Farooq Kathwari has responded to a shareholder letter sent August 26 questioning the management of the company. Thomas Sandell, whose group owns 5.5% of Ethan Allen, said "sub-optimal fiscal policies and inefficient allocation of shareholder capital has resulted in the company`s stock trading at a significant discount to its intrinsic value."
High humidity can lead to mould in cabinetry and closets built and finished with green materials, says a building forensics firm. While waster-based materials are appropriate in most settings, in some regions of the U.S. green panel and cabinetry has lead to catastrophic failures in multi-unit dwellings, according to Liberty Building Forensics, a construction consultant.
The Weekly Watch is tracking the China market crash's impact on U.S. wood manufacturing businesses. While lumber and log prices could fall in the U.S., the weakened yuan also gives China a sales advantage. Also on the watch: Ethan Allen furniture, which will face a challenge from an activist investor. And the Wood 100 list for 2015 has been published: are you on it?
New orders in June 2015 increased 10 percent over July 2014 orders and were down from May 2015, according to the latest survey of manufacturers and distributors by High Point accounting and consulting firm Smith Leonard. In June 2014, Smith Leonard noted that there was a 5 percent increase in new orders over the previous year.
Whiskey distiller Brown-Forman said the rising cost of oak for its whiskey barrels has cut into profits. With one of the most advanced barrel making plants in the world, the company is still running into a shortage of oak barrels as Jack Daniel's bourbon production rises.