Diversified manufacturer Leggett & Platt (LEG) announced record full-year adjusted EPS from continuing operations of $1.78 for 2014, a 19% improvement over 2013 adjusted EPS of $1.50.
The Container Store Chairman and CEO Kip Tindell has been elected chairman of the National Retail Federation Board of Directors and chairman of its Executive Committee. The announcement was made during NRF's 104th Annual Convention and EXPO.
Diversified manufacturer Leggett & Platt today announced the sale of the majority of its Store Fixtures operations to Lozier Corporation for total consideration of approximately $62 million.
Leggett & Platt will sell the majority of its store fixtures operations to Lozier Corp. for approximately $62 million. The sale, effective Nov. 1, includes facilities in Middlebury, IN, Fort Worth, TX, and Union, MO,and represents approximately three-quarters of the business unit's revenues, the company said.
Retail store fixture makers and commercial architectural interior businesses face another challenge: online shopping is cutting into foot traffic in stores. Because of this consumer behavior shift, economic recovery may not lift all boats.
Leggett & Platt said it may divest its store fixtures operations as the business unit continues its financial struggles. An investment banker has been retained to explore strategic alternatives.
Plum Creek Timber Co. Inc.'s MDF plant is back at full speed following a June 10 mechanical fire at the Columbia Falls, MT, facility that caused between $8 million and $10 million in damage.
Residential furnishings and fixture maker Leggett & Platt's fourth quarter sales increased 5.2%, making it the strongest quarterly sales growth achieved during 2013, the company said.
Relatively new to the woodworking industry, digital printing can be used in a variety of applications, including: furniture, flooring, store fixtures and point-of-purchase displays, wall paneling and even cabinetry. Here are some of the advantages of this finishing system.