Residential furniture and casegoods supplier Arts & Crafts Industries has completed its purchase of certain Chromcraft Revington assets. The company simultaneously announced plans to reopen part of Chromcraft's shuttered manufacturing facility in Senatobia, MS.
Flexsteel Industries plans to invest $6 million more in its Edgerton distribution facility. The maker of casegood and upholstered furniture, saw an increase in its residential furniture sales, allowing net sales to improve to $114.4 million.
A worldwide contingent of journalists were given a preview of some of the woodworking innovations and new technology on display at Ligna 2015.
Spurred by a 46 percent increased profitability from casegoods and improved results of upholstery sales, Hooker Furniture posted net sales of $54.9 million and net income increase of 34.6 percent for the second quarter of 2015.
Hooker Furniture reported net sales of $54.9 million and net income of $2.3 million, or $0.21 per share, for its fiscal 2015 second quarter.
La-Z-Boy Incorporated started the first quarter of fiscal year 2015 off with $327 million in sales, a 7 percent increase over the first quarter of fiscal year 2014.
Vanguard Furniture will invest $550,000 to open its first residential furniture operation in Virginia. The high-end upholstery and casegoods furniture manufacturer will use an existing facility in Carroll County for its production, creating more than 200 jobs.