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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.

Furniture Plant Reopens as Chromcraft Revington Sale is Finalized

Posted by Karen Koenig | Posted: 03/03/2015 3:04PM

Residential furniture and casegoods supplier Arts & Crafts Industries has completed its purchase of certain Chromcraft Revington assets. The company simultaneously announced plans to reopen part of Chromcraft's shuttered manufacturing facility in Senatobia, MS.

IKEA Embeds Wireless Phone Chargers into Furniture

By Bill Esler Posted: 03/03/2015 5:09AM

Furnishings retailer IKEA launched bedside tables, lamps and desks with embedded smartphone, tablet, iPhone and iPad chargers that eliminates cables and the need for grommets and plug in ports.

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