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Door Manufacturer Masonite Eyes Major Technology Upgrades

Posted by Bill Esler | Posted: 03/09/2015 10:52PM

Masonite International (NYSE: DOOR) net sales rose 6.8%, to $448.9 million in the fourth quarter, and 6.2%, to $1.84 billion for the year ended Dec. 28. Currency exchange rates hurt. Masonite looks at major CNC and robotic automation upgrades.

Ethan Allen Furniture Opens 75th Store in China

Posted: 03/08/2015 10:27AM

American furniture manufacturer Ethan Allen cut the ribbon on its 75th location in China, an opulent multi-level flagship store in Haikou, the influential capital of Hainan province.

Ashley Furniture Whittles Costs as It Expands Sales in Asia

By Bill Esler Posted: 03/07/2015 6:17PM

Ashley Furniture cuts wood manufacturing costs relentlessly, even producing its own cutting tools, as it aggressively pursues retail sales in China, adapting designs to meet the growing middle class there. Ashley says it plans on 1,000 stores in Asia.

Lumber Liquidators' Woes Continue With Class-Action Lawsuit

Posted by Michaelle Bradford | Posted: 03/06/2015 1:30PM

Lumber Liquidators, on the heels of a federal probe and allegations that its laminate wood flooring from China contains high levels of formaldehyde, is facing an onslaught of legal action, including a class-action lawsuit.

Ashley Furniture Declines $6 Million Tax Credit

By Michaelle Bradford Posted: 03/05/2015 10:29AM

Ashley Furniture will forego $6 million in tax credits approved by the Wisconsin Economic Development Corp. for its Arcadia, WI, plant and return $256,706 in job creation tax credits because it could find enough available workers.

Lumber Liquidators Faces Senate Probe for CARB Violations

Posted by Karen Koenig | Posted: 03/04/2015 2:27PM

Senator Bill Nelson has asked for a federal probe of Lumber Liquidators after a 60 Minutes report that some of its laminate flooring had dangerously high levels of formaldehyde emissions.

American Hospitality Furniture to Manufacture in Old Drexel Plant

Posted by Karen Koenig | Posted: 03/04/2015 9:43AM

American Hospitality Furniture LLC is one step closer to manufacturing in North Carolina after being granted approval to renovate the former Drexel Plant No. 60 in Morganton, which closed last summer.

Stanley Furniture's 4th Quarter Revenue Climbs 20.8%

Posted by Michaelle Bradford | Posted: 03/04/2015 9:40AM

Stanley Furniture Co.'s net sales climb 20.8% in the fourth quarter of 2014 and were up 3.5% for the total year ending December 31, 2014.

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