Residential furniture maker Ethan Allen Interiors Inc. said its profit for the first quarter ended Sept. 30 rose 11% compared to last year and said orders improved in October. "Beginning in fiscal 2017, we will be well positioned to begin an accelerated growth phase, towards sales of $1 billion," remarked CEO Farooq Kathwari. That would represent an increase of 25%.

West Fraser will acquire Manning Diversified Forest Products Ltd., which has sawmill operations located in Manning, Alberta, and related timber harvesting rights It plans to increase output at the sawmill from 100 million to 130 million board feet of lumber.

Bassett Furniture Industries, Inc. (Nasdaq:BSET) said its earnings more than doubled, with U.S.-produced custom dining and custom upholstery programs. In addition to its legacy custom casual dining program, Bassett said its recently introduced Bench-Made premium dining furniture performed very well first quarter.

Herman Miller CEO Brian Walker said this morning at an earnings briefing that the company is rethinking design with the involvement of their customers. The furniture maker is planning to close some small format stores as leases expire and replace them with larger format stores. The change will translate into a net increase of about 55,000 sq. ft. Herman Miller plans to open six new larger format studios by the end of 2016, the first two planned for next month in Scottsdale, AZ and Berkeley, CA.

Home Depot CEO Craig Menear said today that his company is going after the Professional market in a bigger way - aiming at a 50 percent market share. Long focused on the segment, which buys larger volumes of building materials and lumber, Home Depot's Menear made his remarks at the Goldman Sachs 22nd Annual Global Conference this morning.

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."

When the investment value of your wine collection surpasses the cost of the cellar you plan to build? You custom design the best cellar you can, of course. Memphis tech entrepreneur Craig Weiss did just that, ordering A mix of brick, stone and Fijian Mahogany for the interior of the cellar. Warm LED accent lighting highlights the wine in the sliding drawers and rotating wine wheels.

Louisiana-Pacific Corporation (NYSE: LPX) will produce FlameBlock Fire-Rated OSB Sheathing at its Clarke County facility in Thomasville, Alabama. LP FlameBlock is aa sheathing product that combines oriented strand board with a non-combustible, fiberglass-reinforced Pyrotite layer.

Dorel Industries Inc. (TSX: DII.B, DII.A) announced results for the second quarter and six months ended June 30, 2015 on August 6. The company's Home Furnishings segment showed especially strong sales and profit growth. The manufacturer said juvenile wooden furniture drove its U.S. sales increases.

Diversified furniture manufacturer Leggett & Platt reported sales from continuing operations were $997 million, a second quarter record and an increase versus Q2 2014 (during which sales increased 9%).