News

Brown Jordan Names MacBeth SVP of Operations

Jeff MacBeth

ST. AUGUSTINE, Fla.-Jeff MacBeth has been promoted to senior vice president of operations at Brown Jordan International, a newly created position for the furniture manufacturer. MacBeth, who was previously vice president of operations, retains his current responsibilities over the daily operations of the company’s Charter Furniture and Winston Furniture Co. He will also handle specialMore »

Last updated: October 21, 2014

Feizy Rugs Launches Pinterest Dream Room Contest

Feizy Pin Your Dream Room

DALLAS–Feizy Rugs has launched a Pinterest contest, giving its Pinterest followers the chance to win a Feizy rug as well as $1,000. From now until noon on Nov. 15, people can enter the “Pin Your Dream Room” contest by choosing their favorite Feizy rug and building their dream room around it for an opportunity toMore »

Last updated: October 21, 2014

AICO Ups Reilly, Moss; Moves to Expand in Textiles

AICO

PICO RIVERA, Calif.-AICO/Amini Innovations Corp. has promoted Chuck Reilly and Jackie Moss, and has stated its intention to enlarge its product line in textiles. Reilly, who was senior vice president of sales and marketing, has been named executive vice president. He retains his responsibilities over the company’s sales and marketing sectors, and has added strategicMore »

Last updated: October 21, 2014

Powers Tabbed as Home Depot EVP, U.S. Stores

Marc Powers

ATLANTA-The Home Depot (NYSE: HD) has named Marc Powers executive vice president of U.S. stores, succeeding Marvin Ellison, who was named president and CEO-designee of J.C. Penney last week. Powers will assume his new role on Nov. 1, the same date on which Ellison will move to his new post. He will be responsible forMore »

Last updated: October 20, 2014

Family Dollar Shareholder Pushes for Dollar General

H09-FamilyDollar3_R1

NEW YORK-Elliott Advisors, a holder of 4.9 percent of Family Dollar’s (NYSE: FDO) outstanding shares, has opened the door for more consideration of the offer by Dollar General (NYSE: DG) to acquire its dollar-store rival. In a letter to the Family Dollar board signed by Mark Levine, senior portfolio manager for Elliott Advisors, the companyMore »

Last updated: October 20, 2014

DwellStudio to Relaunch Furniture Line

DwellStudio

HIGH POINT, N.C.–DwellStudio announced at High Point Market that it will relaunch its furniture collection, shifting its partnership with Precedent to four other companies, whose names will be announced in the next few months. Backed by its owner, online retailer Wayfair, DwellStudio will be able to offer a more affordable line—in some cases, 40-50 percentMore »

Last updated: October 20, 2014

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