News

Consumer Confidence Index Tops 100, at Highest Level Since 2007

Conference Board

NEW YORK-For the first time in many months, the consumer confidence index reached over the 100 mark, finishing January at 102.9, its highest level since August 2007, according to The Conference Board, which provides the monthly indicator. This month’s index was up 9.8 points from the December reading. Both of the indicator’s component indexes alsoMore »

Last updated: January 28, 2015

IMC Makes Management Changes, Hires Loper-Boyd

Renee Loper-Boyd

HIGH POINT, N.C.–International Market Centers has announced a series of management changes across various departments within the company. Julie Messner has been promoted to senior vice president for furniture leasing–High Point, and Karen Olson has been promoted to senior vice president, marketing. With Karen Olson’s promotion, IMC has hired Renee Loper-Boyd as the company’s newMore »

Last updated: January 28, 2015

Ikea U.S. Sales Gain in Fiscal Year

IKEA

CONSHOHOCKEN, Pa.-Ikea’s U.S. stores posted an increase of 4.24 percent in the fiscal year ending in August 2014, building on pickups of 6.7 percent for fiscal year 2013 and 8 percent in fiscal year 2012. Internationally, Ikea Group’s net income totaled €3.3 billion, or about $4 billion, which was flat with last year. Total salesMore »

Last updated: January 28, 2015

Ethan Allen Net Dives in Q2

Ethan Allen

DANBURY, Conn.-As it continues to transition its product offerings, Ethan Allen Interiors reported a 13.1 percent drop in second-quarter net income, to $10 million. A company statement said the introduction of more than 600 product offerings in the fiscal first half led to a selloff in floor inventory, which affected retail sales and gross margins.More »

Last updated: January 28, 2015

Empire Today to Open First-Ever Retail Stores

Empire’s new Commack, N.Y., store

NEW YORK-Empire Today, the flooring company that offers products to consumers through in-home sales and consultations, will soon open its first-ever retail stores—one in Fairfax, Va., and the other two on Long Island, in Commack and Westbury, N.Y. Also known as Empire Carpet, the company is familiar to many consumers through its television commercials andMore »

Last updated: January 28, 2015

Surtex Tabs designext Judges

Surtex

WHITE PLAINS, N.Y.-Surtex has picked a panel of design professionals to judge the designext competition at its next show, this coming May. The judges are Nancy Fire, founder and creative director of Design Works International; Ronnie Gold, vice president of design for Home Accent Fabrics; David Laubach, design director for Avanti Press; Bryan Parker, viceMore »

Last updated: January 28, 2015

KitchenAid Forms Global Premium Blender Unit

kitchenaid-logo-2013

BENTON HARBOR, Mich.-KitchenAid has created a global business unit that will focus on the high-performance blender category. As defined by Kay Oswald, the brand’s global business unit director for blenders, this category (called “super premium blenders” in a KitchenAid statement) consists of products that come with a suggested retail price of from $299 and up.More »

Last updated: January 27, 2015

Milligan, Western Digital CEO, Joins Ross Stores Board

Ross Stores_Dress For Less

DUBLIN, Calif.-Ross Stores has elected Stephen Milligan, president and CEO of Western Digital Corp., to its board of directors. Milligan was with Western Digital from 2202 to 2007 in executive roles including chief financial officer. He joined Hitachi Global Storage Technologies in 2007 as chief financial officer, and became Hitachi’s CEO in 2009. When WesternMore »

Last updated: January 27, 2015