U.S. – HNI Corporation announced sales for the fourth quarter ended January 3, 2015, of USD 646.7 million and net income of USD 7.1 million. For fiscal year 2014, the Corporation reported sales of USD 2.2 billion and net income of USD 61.5 million.
IKEA plans 1.4 million-square-foot distribution center in Illinois
U.S. – IKEA announced it is submitting final plans to the City of Joliet, IL that would advance the development of its previously approved Midwestern distribution center.
FY2014 was a good year for IKEA
IKEA’s total sales in FY2014 (September 1, 2013 – August 31, 2014) increased by 5.9% from last year to EUR 28.7 billion. Together with the rental income from the shopping centers business, total revenue amounted to EUR 29.3 billion (+2.8%). The Group’s net income amounted to EUR 3.3 billion for the 2014 financial year.
Sektion, the new modular kitchen from IKEA
U.S. – IKEA announces the launch of Sektion, a new, versatile kitchen system that will hit U.S. stores on February 2, 2015.
Women represent 70% of online furniture shoppers in Brazil
BRAZIL – The e-commerce of home and decor in Brazil has handled almost R$ 1 billion only in the first semester of 2014, according to e-Bit – institution that evaluates the satisfaction of Brazilian consumers in their online purchases.
Poggenpohl is awarded international prizes for product and brand leadership
GERMANY – The premium kitchen manufacturer Poggenpohl has been honored with two internationally prestigious prizes.
Ikea introduces Regissor, a new series with innovative assembly system
US – Starting this month of October, Ikea U.S. will begin selling a new living room storage series called Regissor that uses an innovative technique for faster and easier furniture assembly.
Masonite with best quarterly performance in 5 years
U.S. – Masonite International Corporation, the undisputed international leader in interior doors, announced steady sales growth of 8.2% and a net profit for the second quarter of 2014, putting the company back in the black after it suffered a loss in the same quarter last year.
Todeschini considering construction of MDP plant in Rio Grande Do Sul
BRAZIL – According to information from the publication Wood Based Panels, Todeschini SA Indústria e Comércio, one of Brazil’s largest furniture makers.
Institutional support for Spanish manufacturers to reach Latin American markets
SPAIN – Cancio Furniture, Carinbisa and Forest Habitatwill develop their international business with the support of the Spanish Confederation of Timber Businesses, CONFEMADERA HABITAT, the Spanish Federation of Habitat Businesses, FEDERHÁBITAT, and the strategic consulting and business development company, International Strategic Partners Consulting, ISP Consulting.
HNI Corporation Increases Sales And Earnings For 1Q/2014
U.S. – HNI Corporation (NYSE: HNI) on April 16 announced sales for the first quarter ended March 29, 2014, of US$452.2 million and net income of $11.1 million.
La-Z-Boy to exit hospitality business and outsource its casegoods business
EE.UU. – La-Z-Boy Incorporated (NYSE: LZB) announced on April 16 it will restructure its casegoods business, which represents approximately 10% of revenue, by transitioning to an all-import model for its wood furniture.