Cabinet manufacturers surveyed by KCMA reported overall cabinet sales were down 5.4% for September 2024 compared to 2023 figures.

New orders for residential furniture continue their year-over-year decline, dropping 7% in August compared to the year prior. However, they're up double digits compared to July figures.

Manufacturers reported overall cabinet sales dropped 1.5% in August compared to 2023 figures, but rose 3.3% compared to July, according to the latest KCMA Trend of Business report.

On July, 10, Bassett Furniture Industries Inc. was hit by a substantial cybersecurity breach that led to a halt in manufacturing operations. The affects of that attack are still being felt.Bassett reported that revenues decreased 13% in the third quarter, impacted by the July cyber incident that suspended all financial systems and manufacturing for 7 days. The company also reported an operating loss of $6.4 million, which included a $1.2 million loss on a logistical services contract the company abandoned and various costs associated with the cyber incident.

A report issued by The Insight Partners, a global market research company, notes that the wood adhesives market has been experiencing significant growth.

New orders for residential furniture dropped 5% in July compared to 2023 figures, continuing the trend of year-over-year declines in growth, according to the latest issue of Furniture Insights. Year to date through July 2024 however, new orders are up 2% compared to 2023.

GRAND RAPIDS, Mich. — Steelcase achieved flat revenue in the second quarter and reported that order growth in the Americas was primarily driven by government, education, and healthcare customers, while orders from large corporate customers declined compared to the prior year after several quarters of strong year-over-year growth. 

MillerKnoll, a global leader in office furniture manufacturing, reported a mixed first quarter for fiscal year 2025, with consolidated orders rising by 2.4% to $936 million, driven by strong performance in the Americas Contract segment. Despite the increase in orders, net sales saw a 6.1% decline to $862 million, attributed to longer order-to-shipment times.

Cabinet manufacturers reported overall cabinet sales were up 7.5% for July 2024 compared to 2023 figures, according to the KCMA's Trend of Business report.