News

Surya Starts Manufacturing in the U.S.

Surya

HIGH POINT, N.C.–The launch of Surya’s handtufted custom rug program at market signals the beginning of its manufacturing within the U.S., a goal that is important to the company. Its Calhoun, Ga., facility already has four tufting machines, purchased from Shaw, and eventually, “we would like that to be 20,” Satya Tiwari, president, Surya, toldMore »

Last updated: October 21, 2014

Electrolux Net Grows 42 Percent in Q3

Electrolux

STOCKHOLM-Thanks to overall good market conditions throughout the world, Electrolux delivered a 42 percent jump in third-quarter net income, to SEK933 million (about $128.6 million, based on average currency values during the quarter). Net sales in the quarter, which ended on Sept. 30, came in at SEK28.8 billion (about $4 billion), increasing 6 percent. InMore »

Last updated: October 20, 2014

Magnussen to Expand High Point Showroom

Magnussen

HIGH POINT, N.C.–Furniture company Magnussen will expand its showroom space in the IHFC building’s Main Wing here, occupying the entire eighth floor and the majority of the ninth floor. The Ontario, Canada-based company, formerly on the 10th floor in IHFC, is taking over space formerly occupied by Thomasville and Drexel Heritage. The new, approximately 60,000More »

Last updated: October 20, 2014

Sleepy’s Opens 1,000th Store

Sleepy’s logo

HICKSVILLE, N.Y.-Sleepy’s has opened its 1,000th store, a location in Joliet, Ill. Founded in 1957 as a one-store operation, the company now numbers more than 1,000 locations in 16 states, from Maine to North Carolina, along with 11 distribution centers throughout the United States. David Acker, Sleepy’s president, said the retailer is proud of achievingMore »

Last updated: October 20, 2014

High Point Market Opens Today

High Point

HIGH POINT, N.C.–The fall edition of High Point Market opens today. A bevy of introductions in furniture, lighting, rugs and other furnishings will be unveiled to the industry over the next few days. For a look at furniture, lighting and home decor introductions click here; for new rug designs, click here. Other product trends andMore »

Last updated: October 21, 2014

Newell Rubbermaid to Acquire Beverageware Maker Bubba

Newell Rubbermaid

ATLANTA–Newell Rubbermaid (NYSE:NWL) has signed a definitive agreement to acquire bubba brands, maker of durable beverage containers. Terms of the agreement were not disclosed. The acquisition will expand Newell Rubbermaid’s presence in on-the-go thermal and hydration beverageware. The company recently acquired the Contigo and Avex brands from Ignite Holdings, maker of thermal and hydration products.More »

Last updated: October 17, 2014

New and Expanded Gift Showrooms Join Las Vegas Market

Las Vegas Market

LAS VEGAS–A dozen gift and home decor suppliers plan to open or expand showrooms for the Las Vegas Market in January. Four of the newcomers are opening new West Coast corporate showrooms, including gift and collectible producer Precious Moments, on C9;  small appliance maker Jura, as part of the c-ONE cross-category showcase; and Portman StudiosMore »

Last updated: October 17, 2014

Surya to Introduce Custom Rug Program at High Point

Surya

CALHOUN, Ga.–At High Point Market, which begins tomorrow, Surya will unveil a new custom program that will allow delivery of tufted rugs within three weeks. Surya shows in Showplace, space 4100, at High Point Market. Designed for designers and retailers who need rugs quickly, the program will offer eight machine-tufted rug designs, each in 8More »

Last updated: October 17, 2014