News

Leggett & Platt Q3 Net Drops 32.4 Percent

Leggett & Platt

CARTHAGE, Mo.-A significant spike in expenses led Leggett & Platt (NYSE: LE) to a downturn of 32.4 percent in its third-quarter net income, which totaled $48.2 million. Selling, general and administrative expenses jumped 53.9 percent in dollars and 344 basis points as a percentage of sales, to 13.2 percent. The rise in costs occurred partlyMore »

Last updated: October 23, 2014

High Point Market Authority Recognizes Outgoing Board Members

High Point Market

HIGH POINT, N.C.–At its annual board meeting yesterday, the High Point Market Authority recognized the service of several outgoing board members. Completing their board term at the end of 2014 are: Jena Hall, president, Jena Hall Designs, Ltd. Tom Mitchell, president, Home Furnishings Leasing, International Market Centers Joe Mussallem, president, Man Wah USA Kevin O’Connor,More »

Last updated: October 23, 2014

Jarden Q3 Net Balloons as Sales Climb

Jarden

MIAMI-With sales making a double-digit gain, Jarden reported a 14.4 percent increase in third-quarter net income, which totaled $108.6 million. Net sales in the quarter, which ended on Sept. 30, rose 19 percent to $2.1 billion. All of Jarden’s segments contributed to this increase, according to Martin Franklin, the company’s executive chairman, “reflecting the strengthMore »

Last updated: October 23, 2014

Housewares Show Almost Sold Out

IHA_logo_bw

ROSEMONT, Ill.-The International Home + Housewares Show is more than 90 percent sold out, with less than five months to go before its opening day, according to the International Housewares Association, the show’s owner and operator. The show will host more than 2,100 exhibitors from throughout the world, including 400 new companies, IHA said. “WeMore »

Last updated: October 23, 2014

Blog: News from the New York Tabletop Show

Noritake

The New York Tabletop Show is in full swing. Lifetime Brands is introducing a wide array of new dinnerware, glassware and flatware, most of which is contemporary and casual, in muted neutrals, pale pastels and the color combination of the moment, indigo and white. Lifetime also introduced Towle dinnerware, designed to coordinate with existing popularMore »

Last updated: October 22, 2014

Momeni Founder and Chairman Passes Away

Haji Ali Akbar Momeni

WHITE PLAINS, N.Y.–Haji Ali Akbar Momeni, who co-founded the rug importing company Momeni, passed away Saturday, Oct. 11, at his home here. He was 88. Born on March 25, 1926, in Iran, Momeni grew up with a knack for business and trading. Along with his eldest son Ahmad, or “Ed,” he began selling rugs inMore »

Last updated: October 22, 2014

Ethan Allen Q1 Net Jumps 31.5 Percent

Ethan Allen

DANBURY, Conn.-Healthy sales along with stringent expense controls boosted Ethan Allen Interiors’ first-quarter net income by 31.5 percent, to $11.9 million. Net sales in the quarter, which ended on Sept. 30, totaled $190.7 million, up 5 percent from last year’s first quarter. The main driver for the top line came from Ethan Allen’s wholesale segment,More »

Last updated: October 22, 2014

AmericasMart Announces First Nine Exhibitors for Floor 15 Expansion

AmericasMartAtlanta_grad

ATLANTA–Nine exhibitors have committed to AmericasMart’s Floor 15 expansion, which will debut at the market in January. The first showrooms anchoring this Home & Design floor are: Design Legacy by Kelly O’Neal, Codarus, Gabby, Bliss Studio, Calvin Klein by Veronica Flam, Rene Cazares by Veronica Flam, Lowcountry Originals., Jamie Young Company and Wendover Art Group.More »

Last updated: October 22, 2014