
Lowe's lays off 650, closes 7 stores

Aug 16, 2011 Lowe's closes seven stores, laying off 650, as sales flatten. Consumer uncertainty drives repairs rather than remodeling and improvement projects, according to Lowe's CEO. But Home Depot reports improved sales and has a more upbeat outlook. Read the full story
U.S. furniture factories reviving

Aug 16, 2011
Furniture
start-ups are appearing in the Southeast. Kith Furniture is producing
bedroom sets in a factory adjacent to Door Component in Haleyville, AL;
and $3.5 million in grants are aimed a North Carolina furniture
manufacturers.
Read the full story
Aug 11, 2011
Bush Industries, Inc., a maker of case goods and ready-to-assemble
furniture for office and home, says it has completed the final phase of
separating into two operating divisions: Bush Furniture, for
retail and online sales, and bbf, for the commercial market segments.
Read the full story
Norcraft cabinetry sales up, profits fall
08/14/2011 Cabinetry manufacturer Norcraft reported second quarter net income
declined almost 60 percent, to $1.6 million, down from $3.9 a year ago.
The drop came despite a net sales increase of $0.9 million, or 1.3%, to
$75.0 million
Also among the top stories:
- Cryogenics harden maple wood
- Advance Cabinets may expand to new regions
- Ashley Furniture pays $6 million for Benchcraft assets
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