La-Z-Boy CEO Kurt Darrow will retire effective April 25. Melinda Whittington will take over as president and CEO, and Robert Lucian will become CFO.
Residential furniture manufacturers and distributors continued to show improvements in orders. The July survey from Smith Leonard reflected a 39 percent increase in new orders over July 2019 following a 30 percent increase reported in June. Some 88 percent of the participants reported increased orders over the same month last year.
According to the monthly Furniture Insights survey from Smith Leonard, year to date, new orders were down 16 percent from the same period last year.
In May, shipments were down 31 percent after a 50 percent decline reported for April.
There were hundreds of participants logging into six webinars and thousands of visitors sourcing and discovering products and a digital audience generating funds for City of Hope.
With ICFF canceled, Scandinavian Spaces decided to look for a different way to share their booth design.
Residential furniture orders rose 7% in December, capping off a 12-month streak of year-over-year growth, according to the latest Furniture Insights survey by Smith Leonard.
Walmart is launching MoDRN, its largest line to date of private-label home furnishings exclusively for online sale.