Hooker Furniture 2Q profit falls by more than half
Hooker Furniture Corp. said Tuesday its fiscal second-quarter fell by more than half amid a prolonged slump in the home market. The company cut costs amid the housing slump but the “the summer business environment was even more challenging than anticipated,” said Paul B. Toms Jr., chairman, chief executive and president.
Inflation in product costs and [...]
Dates for furniture market change again
The dates for the High Point furniture market are changing again.
Beginning in April 2009, the semiannual trade show will begin on Saturday and end on Thursday.
The board of directors for the High Point Market Authority approved the change today. The previous market week, which remains in place for the October show, was Monday through Sunday.
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Ghana Strives to Remain Competitive in Global Timber Market
Professor Nii Ashie Kotey, Chief Executive of the Forestry Commission, said on Thursday that current trends in the country’s timber industry required strategic innovations including the pooling of resources in order to remain competitive on the global market.
He as a result, he lauded the rebirth of the Ghana International Furniture and Woodworking Industry Exhibition (GIFEX) [...]
Haverty Furniture’s May same-store sales fall
Haverty Furniture Cos. said Wednesday that same-store sales fell 6.3 percent last month as a weak home furnishing market persisted amid the continued housing slump.
Same-store sales, or sales in stores open at least one year, is a key gauge of retailers’ performance because it measures sales at existing stores rather than newly opened ones.
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Furniture chain gets Leathered
Shops are just as likely as moneylenders to con you into costly Payment Protection insurance.
The Land of Leather furniture chain has just been fined ï¿¡210,000 for selling policies through its 90 stores without proper training or supervision of staff.
City watchdog the Financial Services Authority also fined chief executive Paul Briant ï¿¡14,000.
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