Woodworking Industry News

Analysis of United States Cabinet Market Offered

DUBLIN, IRELAND – Research and Markets has announced the addition of “U.S. Cabinet Market: Optimism Rides High” to its offering. The report is a study of the U.S. cabinet market, specifically focusing on kitchen cabinets. It analyzes the recent fall in the cabinet market and the factors likely to drive growth in the future. For more information, visit www.researchandmarkets.com/reports/c63281.

Woodworking Industry News

Knoll Reports Strong 2Q

EAST GREENVILLE, PA – Knoll Inc. announced its results for the second quarter, ended June 30. Net sales for the quarter increased 9.9% to $272.1 million, compared to the same period last year. Operating income was $37.6 million, an increase of 18.2% from the second quarter of 2006. Gross profit for the second quarter was $93.4 million, an increase of 18.2% over the prior year period.

Woodworking Industry News

Quaker Furniture Becomes Studio Q

HICKORY, NC –Contact furniture manufacturer, Quaker Furniture Inc., announced it changed its name to Studio Q Furniture, according to The Charlotte Observer. The company has created new sales and marketing materials that will be unveiled at the end of the month.

Woodworking Industry News

HNI Corp. Announces 2Q Sales Slide

MUSCATINE, IA – HNI Corp. announced its sales for the second quarter, which ended June 30. The company reported sales of $618.2 million, which is down 7.4% compared to the same period last year. According to the release, the company’s gross margin decreased 7.7% and operating income was down 6.7%, compared to the prior year period.

Woodworking Industry News

Altendorf America Rechristens as Stiles Shop Solutions

GRAND RAPIDS, MI – Stiles Shop Solutions is the new name of Altendorf America, a sales division of Stiles Machinery Inc. Stiles Shop Solutions debuted at the AWFS Fair in Las Vegas, replacing the 22-year-old divisional name. The new name was chosen based on research and analysis of the entry to mid-size markets.

Woodworking Industry News

Ethan Allen Sales Slide 5.2% in 4Q

DANBURY, CT – Ethan Allen Interiors Inc. reported sales of $258.5 million for its fourth quarter ended June 30, a 5.2% decline from the same period a year ago. For the 12 months ended June 30, 2007, net delivered sales totaled $1.005 billion as compared to $1.066 billion in the prior year.

Woodworking Industry News

BlueLinx Distribution Center Maintains OSHA ‘Star’ Status

BELLINGHAM, MA – BlueLinx Corp.’s Bellingham building products distribution center has been recertified for an additional five-year membership in the “Star” Voluntary Protection Program of the U.S. Labor Department’s Occupational Safety and Health Administration. It is one of 17 BlueLinx facilities in 11 states that have achieved VPP status.