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Furniture World Magazine Article: : What’s in Store For 2022?, There will be winners and losers this year. Industry observer Tom Liddell provides insights into potential problems and what if anything retailers might do.
HVT earnings call for the period ending September 30, 2021.
Groundbreaking for the 23,500 square-foot facility was held Oct. 15. The permanent American Home Furnishings Hall of Fame building is scheduled to open in April 2023.
More people buying furniture amid pandemic CONOVER, N.C. – As more people stay home during the coronavirus pandemic, more people are buying furniture. So much so, that it’s creating a backlog. "Everything is tenfold from two to three years ago," said Davey Cartner, the lead trimmer at Carolina Custom Leather, a North Carolina-based manufacturer that ships furniture nationwide. Companies like Carolina Custom Leather have seen sales as much as double thanks to the recent boom. "We had the best June we ever had in the history of our company," said owner Todd Stroud. Stroud says furniture...
2021-07-19T22:04:48Z Still waiting on that couch you ordered back in January? Delayed furniture delivery times are occurring across the U.S. due to production backlogs and inventory shortages for one essential material: foam. The shortage reportedly began in February when a winter storm shut down all five U.S. plants (four in Texas and one in Louisiana). These plants are essential, as they produce the main chemical (propylene oxide) needed to make foam. The furniture industry isn’t the only thing being affected by this shortage though as mattresses, automobiles, boats, appliances, buildin...