News, features and analysis on the increasingly global furniture industry, including reports on overseas trade shows and sourcing issues.
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Chinese furniture maker Markor eyes U.S. acquisitions
Furniture Today Staff, November 20, 2008BEIJING, China — Chinese case goods manufacturer Markor International Furniture is looking for acquisition opportunities in the United States. More -
Ikea CEO says company well positioned
Furniture Today Staff, November 20, 2008NEW YORK — Ikea CEO Anders Dahlvig says his company has seen a slowdown in sales in the United States and Europe, but says the Swedish retailer's focus on smart, affordable design has it well positioned for tough times. More -
Natuzzi sales rise in third quarter, but so does loss
Larry Thomas, November 20, 2008SANTERAMO IN COLLE, Italy — Upholstery major Natuzzi said its third-quarter sales were slightly ahead of last year's third quarter, but the company's net loss widened due to unfavorable currency exchange rates and high operating costs. More -
Film on Hooker Furniture plant closure premieres
Joan Gunin, November 19, 2008
MARTINSVILLE, Va. — A full house attended this week's premiere of the documentary film, "With These Hands: The Story of an American Furniture Factory," a portrayal of the causes and effects behind Hooker Furniture's shutdown of its last manufacturing plant here last year. More
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Furniture importer Magnussen Home laying off 22 workers
Tom Russell, November 18, 2008HIGH POINT — Case goods importer Magnussen Home said Monday it is cutting its work force by 22 people, a 14% reduction of its worldwide staff. More -
Norwalk Custom Order Furniture says employees reject union
Furniture Today Staff, November 17, 2008NORWALK, Ohio — Norwalk Custom Order Furniture said a majority of its employees have signed a petition rejecting the United Steel Workers union, but the company will hold an election anyway, the Norwalk Reflector reported. More -
N.C.-based American Furniture Exporters makes progress
Joan Gunin, November 17, 2008HICKORY, N.C. — American Furniture Exporters, a local consortium of high-end custom furniture manufacturers created to spur international business, got off to a good start at the High Point Market last month. More -
Riverside Furniture laying off 250 workers
Furniture Today Staff, November 13, 2008FORT SMITH, Ark. — Manufacturer and importer Riverside Furniture said Wednesday it would lay off 250 employees here because of declining furniture sales, made worse by the global financial crisis. More -
Furniture maker Bestar posts C$160,000 loss
Larry Thomas, November 13, 2008LAC-MEGANTIC, Quebec — Ready-to-assemble furniture producer Bestar said third-quarter sales were essentially even with the same quarter last year, but the company swung to a net loss of C$160,000. More -
Ethan Allen approves dividend, stock options
Furniture Today Staff, November 13, 2008DANBURY, Conn. - Manufacturer and retailer Ethan Allen approved its regular dividend and also said it awarded stock options to key management employees, "recognizing the extraordinary challenges of the current economic environment." More
News from the Web
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Rizzy Rug Preps Area Rugs from India Facility
Source: Home Textiles Today
Date: 5 days 20 hours 46 minutes 18 seconds ago. -
Ikea US President Named
Source: Home Textiles Today
Date: 5 days 20 hours 46 minutes 18 seconds ago. -
North American sales up for Ekornes
Source: www.FurnitureStyle.com
Date: 8 days 9 hours 24 minutes 52 seconds ago. -
Ikea names Netherlands head Ward to lead U.S. division
Source: Home Textiles Today
Date: 11 days 6 hours 45 minutes 18 seconds ago. -
Natuzzi Announces Multi-City Investor and Analyst Information...
Source: www.topix.net
Date: 13 days 2 hours 20 minutes 24 seconds ago.
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Having the Magnussen son and son-in-law run the company is a receipt for disaster....
Todd Clark– 2008-11-18 18:54:58
in response to Furniture importer Magnussen Home laying off 22 workersA brave face placed on a poorly handled organization.
BRIAN LINKE– 2008-11-18 09:52:22
in response to Furniture importer Magnussen Home laying off 22 workerswere is money norwalk got for advanced payments on product never shipped to hickor...
milton emold– 2008-11-17 17:54:04
in response to Norwalk Custom Order Furniture says employees reject union
Contemporary on the rise in occasional
Consumer demand for stylish, sleek designs is causing contemporary to become one of the fastest-growing segments in occasional.Events
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Dates: 11-30, 2008Location: 1234 Test LineLarry Karel's Long Beach Furniture and Accessory Market
Dates: 11-25, 2008Location:Index Dubai
Dates: 12-07, 2008Location: Dubai International Exhibition Center
Leadership Conference
Registration still open for Leadership Conference
Registration is still open for Furniture/Today's 12th Annual Leadership Conference, set for Dec. 3-5 at the Ritz-Carlton Beach Resort here.Underscoring the pressing need to stay ahead of the pack in today's tumultuous market, the theme of this year's conference is "Connectivity ... Are you plugged in?" For details, click here.
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