Opinion

Opinion

A tribute to Dr. Lawrence Dewhurst

Occasionally, the passing of a significant person within the woodworking industry is mentioned in the trade journals and it is fitting that their contributions are recognized. It’s well understood that synergy is crucial between the producers, machine manufacturers and component suppliers for the success of the parties involved in any industry. Some of our departed leaders and influencers made their mark through foresight and innovations that formed the woodworking industry as we know it today. Dr.

Furniture

Furnishings weekly industry report: Tough week for stock indexes

It was a tough week for several Consumer Hardlines WTR stock indexes. The Commercial/Contract Furniture Index was off 4.6%, while the Home Goods Retailers Index fell 6.8% versus the four benchmarks (down between 0.8% and 3.4% for the week).The relative bright spot was Residential, which was down only 0.7%. Yet the two reporting issues in Residential did not enjoy the week. Lovesac (-19.7% for the week) continues to gain market share, while Hooker (-16.7% for the week) confirmed exceptionally soft industry demand in its 4QFY24 report.