Top Stories
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New Simmons owner will carry more than $1 billion in debtLarry Thomas, November 19, 2009WILMINGTON, Del. — The soon-to-be parent company of bedding majors Simmons and Serta will have more than $1 billion in long-term debt once Simmons emerges from bankruptcy protection, according to documents filed in U.S. Bankruptcy Court here. More
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‘Ringleader' in Bassett Furniture embezzling scheme released from prisonFurniture Today Staff, November 19, 2009MT. AIRY, N.C. — A former plant manager convicted of embezzling from Bassett Furniture is out of prison on medical parole after serving a year of a minimum four-year sentence, the Mount Airy News reported. More
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International Sleep Products Assn. creating green task forceDavid Perry, November 19, 2009BONITA SPRINGS, Fla. — The International Sleep Products Assn. is tackling a green challenge. More
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High Point's Radio Building gets landmark statusFurniture Today Staff, November 18, 2009
HIGH POINT — The High Point City Council this week conferred landmark status on the city's downtown Radio Building, a fixture at the corner of Main and Commerce here for 85 years.
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Raymour & Flanigan opening Manhattan showroom on Nov. 27Furniture Today Staff, November 18, 2009LIVERPOOL, N.Y. — Raymour & Flanigan will open its third Manhattan showroom on Broadway at 66th Street on Nov. 27 in a site formerly occupied by Circuit City. More
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Longtime fabric executive Leonard Zoref dies at 86Furniture Today Staff, November 18, 2009LOS ANGELES — Longtime fabric executive Leonard Zoref has died at the age of 86. More
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Chromcraft Revington sales drop 30.5% in third quarterFurniture Today Staff, November 18, 2009WEST LAFAYETTE, Ind. — Chromcraft Revington, a casual dining, occasional and case goods resource, said third-quarter sales were 30.5% below last year's third quarter, but the company slashed its net loss by more than 90%. More
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PMD Furniture Direct launches consumer Web siteFurniture Today Staff, November 18, 2009COLUMBUS, Ohio — PMD Furniture Direct has launched a consumer Web site to help explain the evolution of the company's low-overhead, low-cost, and appointment-only approach to retailing. More
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La-Z-Boy reports net income of $5.91 million for quarterFurniture Today Staff, November 18, 2009MONROE, Mich. — Despite a sales decline of more than 9%, La-Z-Boy reported net income of $5.91 million for the quarter ended Oct. 24 - the company's third consecutive quarterly profit. More
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Leon's earnings down 12% in 3Q as sales fall 8.7%Michael Knell, November 17, 2009TORONTO — Sales and earnings fell in the third quarter for Leon's Furniture, which officials attributed to weak consumer confidence. More
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High Point hears objections to showroom zoningHeath E. Combs, November 17, 2009HIGH POINT — After hearing objections to its proposed showroom zoning district Monday, the High Point City Council voted to continue the hearing later to get more comments. More
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Hassell Franklin wins AHFA Distinguished Service AwardFurniture Today Staff, November 17, 2009
HIGH POINT — Hassell Franklin, leader of Mississippi upholstery producer Franklin Furniture, received the American Home Furnishings Alliance's Distinguished Service Award during the group's 2009 annual meeting earlier this month.
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Unfinished Furniture Assn. members to show at Las Vegas MarketFurniture Today Staff, November 17, 2009LAS VEGAS — Unfinished Furniture Assn. members will show as a group for the first time at the Las Vegas Market Feb. 1-5 in a dedicated area on the fifth floor of Building C, officials announced. More
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John Bray elected 2010 chairman of American Home Furnishings AllianceFurniture Today Staff, November 17, 2009HIGH POINT — John Bray, CEO of full-line producer Vanguard Furniture, was elected 2010 chairman of the American Home Furnishings Alliance during the organization's annual meeting in Palm Beach, Fla., this month. More
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Hundreds ride to honor Sealy's David ShermanFurniture Today Staff, November 17, 2009HIGH POINT — More than 600 cyclists gathered here Sunday to ride in honor of David Sherman, the Sealy vice president who died in a hit-and-run accident in October, the Greensboro, N.C., News & Record reported. More
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De Leo Textiles promotes Ismail Arslan to VPGary Evans, November 17, 2009HIGH POINT — Ismail Arslan has been promoted to vice president of operations for Turkish fabric source De Leo Textiles. More
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UPDATE: Former Bassett Chairman, CEO Bob Spilman dies at 82Jay McIntosh, November 17, 2009RICHMOND, Va. — Robert H. "Bob" Spilman, the retired chairman and CEO of Bassett Furniture Inds. and once one of the most powerful figures in the American furniture industry, died here Sunday night. He was 82. More
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Former logistics exec Patrick Smith charged with taking kickbacksGary Evans, November 16, 2009HICKORY, N.C. — A longtime former employee of a freight company that serves the furniture industry has been indicted on charges of taking kickbacks from suppliers, the Hickory Record reported. More
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Retired Bassett Chairman, CEO Bob Spilman diesFurniture Today Staff, November 16, 2009RICHMOND, Va. — Robert H. "Bob" Spilman, the retired president, chairman and CEO of manufacturer and retailer Bassett Furniture Inds., died here Sunday night, according to reports from industry sources and local media. More
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Investors acquire bedroom source Embassy InternationalThomas Russell, November 16, 2009ROCKWALL, Texas — A group of private equity investors called Elements International Group has acquired promotional bedroom importer Embassy International. More
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