Global Sourcing

• Chinese furniture maker Markor eyes U.S. acquisitions

  Furniture Today Staff, November 20, 2008
  BEIJING, 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, 2008
  NEW 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, 2008
  SANTERAMO 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

• Furniture importer Magnussen Home laying off 22 workers

  Tom Russell, November 18, 2008
  HIGH 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, 2008
  NORWALK, 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, 2008
  HICKORY, 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, 2008
  FORT 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, 2008
  LAC-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, 2008
  DANBURY, 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

Next ›