Woodworking Industry News

Furniture

Stanley Furniture Turns a Small Profit, Hits Production Snags

Stanley Furniture turned a small a profit third quarter as, largely a result of $4.9 million in CDSOA income, the antidumping duties collected from China and other foreign furniture producers deemed to have sold furniture below market prices. Disruptions in production slowed delivery of new adult residential furniture lines.

Furniture

Ethan Allen Profit Up 11% on Flat Sales, Projects $1 Billion Mark

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%.

Woodworking Industry News

Bad Press for Hobby Lobby: Feds Investigate Illegal Imports

Owners of Hobby Lobby, a national crafts and hobbyist supply store with a substantial high tech in-house retail display manufacturing plant, are reported to be under investigation for illegal imports of antiquities. Federal agents intercepted a cache of ancient Cuneiform clay documents as they were being shipped by FedEx to Hobby Lobby headquarters in Oklahoma City.

Show Us Your Shop

Greensboro Makerspace Names Executive Director

A woodworking and makers collective, The Forge, in Greensboro, NC, has named Joe Rotondi as its first executive director. He cooperative work center provides tools and machinery for 3D printing, rapid prototyping, woodworking, electronics and other fabrication activities.

Woodworking Industry News

Leitz Tooling Appoints Director of Technical Sales

GRAND RAPIDS, MI – Leitz Tooling announced the appointment of Brian Meier as Director of Technical Sales for Leitz USA.Meier has been in the woodworking industry for nearly 23 years.  His background includes inside sales management as well as manufacturing and production engineering, focusing on tooling and applications in architectural millwork.