Residential furniture makers La-Z-Boy and Nova LifeStyle offered an upbeat forecast during their earning call, but office and contract funriture comglomerate HNI (Hon, Allsteel, etc.) is anticipating a slowdown on the horizon. A new ERP computer system at La-Z-Boy "helped us achieve a 12.1% operating margin," says its CEO.
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Ethan Allen Interiors kicked off what may prove to be a tumultuous annual meeting here today with a victory: the company's choices for its board of directors have won as the proxy votes have been counted.
Black Bros. Co. has agreed to purchase the distribution rights for Rapha Membranes from KKA Enterprises of McDougall, Ontario, Canada.
The Home Depot sales grew 6.4% third quarter, while its big box competitor Lowe's quarterly sales increased 5%. Both companies will expand next year as they expect the housing boom to continue unabated. Biggest growth came from professional builders and remodelers.
A federal courtroom in lower Manhattan yesterday saw Car-Freshener Corporation take action to protect its brand against upstart Exotica Fresheners Company. Let the battle of the tree-shaped car fresheners begin!
The U.S. Forest Service has increased the pace and scale of forest restoration by nine percent since 2011, according to a newly released report. The progress comes in the face of mounting challenges to the agency including record droughts, longer wildfire seasons and increased budget dollars spent fighting wildland fires.
Dorel can thank its Home Furnishings business for adding significant support to its bottom line, as ecommerce growth drove the segment's operating profit up 85% for the third quarter just reported. It was a welcome boost that came at a good time - the Canadian-based conglomerate's total sales were relatively flat while overall profits actually declined.
Allyn Ford, CEO and President of Roseburg Forest Products, announced Grady Mulbery will become president Jan. 1, 2016. Ford continues as CEO until Jan. 1, 2017, when Mulbery will takes up that role, too. Ford will continue on as Chairman of the Board for Roseburg.
Pro.com has launched Text-a-Pro, a mobile messaging service that connects homeowners with home services professionals via Facebook’s Messenger app. Homeowners can receive instant and flat-rate prices on home projects and schedule appointments within minutes.