Business

  • image of Loloi rug with good weave label

    GoodWeave Launches Public Service Advertising Campaign

    GoodWeave has announced a public service advertising campaign “Tell Them I Made It” o connect consumers to the people who make the goods they buy and under what conditions.

  • image of Mark Schumacher, CITY CEO Andrew Koenig and Keith Koenig

    CITY Furniture Named Home Furnishings Association’s 2022 Retailer of the Year

    The Home Furnishings Association (HFA) has named Florida-based CITY Furniture as its 2022 Retailer of the Year in the category of retail stores with more than 50 employees.

  • VCNY Home Launches Rug Division Introducing Reversible, Washable Rugs

    The U.S.-based home textiles manufacturer has launched a dedicated rug division following a strong positive response to VCNY Home produced washable and reversible area rugs.

  • RH Reports Record Fourth Quarter and Fiscal Year 2021 Results

    RH reports record fourth quarter and fiscal year 2021 results, and company Chairman & CEO Gary Friedman outlines the historic results in a letter to shareholders.

  • portrait of Charles Carter

    Amer Hires Charles Carter as Sales Manager

    Amer Rugs has named flooring veteran Charles Carter as sales manager. He is tasked with helping grow Amer retail presence.

  • portrait of Allen Rolleri

    Allen Rolleri Joins Stacy Garcia as Director of Licensing and Business Development

    Designer Stacey Garcia, who has been growing her home fashions reach, has hired Allen Rolleri as director of licensing and business development.

  • Macy’s, Inc. Names Emily Erusha-Hilleque Senior VP, Private Brands at Macy’s

    Emily Erusha-Hilleque has joined the department store retailer as senior vice president for Macy’s private brands and will lead the nameplate’s private brands, including apparel, center core and home design.

  • Target Announces Target Zero: A New, Curated Collection of Products Aiming to Replace Single-Use Packaging

    Target's new Target Zero initiative will reduce waste by creating an assortment designed to be refillable, reusable, or compostable, made from recycled content, or made from materials that reduce the use of plastic across Target’s Beauty, Personal Care and Household Essentials.

  • infographic of February retail sales

    Mastercard SpendingPulse: February U.S. Retail Sales Rise 8.7%

    U.S. consumer spending maintained positive momentum in February, with furniture and furnishings sales spiking around the traditional President’s Day weekend, according to Mastercard SpendingPulse.

  • collage of Laddha family and new surgery center in Mirzapur, India

    LR Home's Laddha Family Funds New Surgery Center in India

    The Laddha family, owners of LR Home, are continuing their long-standing commitment to make a difference in the lives of the people of Mirzapur, India, with the financing of a new surgery center.

  • Ukraine mother and son impacted by the crisis with Russia

    Loloi Rugs Makes $100,000 Donation to Support Humanitarian Aid Efforts in Ukraine

    Loloi Rugs has made a combined $100,000 donation to the International Rescue Committee and the International Committee of the Red Cross to support humanitarian aid efforts for the people of Ukraine

  • BJ’s Wholesale Club Records Historic Fourth Quarter and Fiscal 2021, Announces Store Expansion Plans

    2021 proved the best year in BJ Wholesale Club's history with strong Q4 and full. year results, as a result the company announced it is continuing its expansion by opening four new clubs.

  • image of overstock logo on top of company's website

    Overstock CEO: More Photos, Videos, Metaverse-Like AR Needed to Cut Furniture Returns

    Overstock CEO Jonathan Johnson reviews the online retailer's strategy, how it is working to reduce costly returns, and investing in next-level augmented reality tech.

  • Target Announces Investments to Drive Long-term Growth

    Retailer to expand capacity and capabilities in its stores, digital experience and supply chain.

  • Bassett Finalizes the Sale of Zenith Assets to J.B. Hunt Transport

    Bassett Furniture has completed the sale of its wholly-owned subsidiary Zenith Freight Lines to J.B. Hunt Transport Services, Inc., a supply chain solutions providers in North America.

  • target corporations 2022 revenues infographic

    Target Reports Fourth Quarter and Full-Year 2021 Earnings

    Target Corp.'s fourth-quarter performance capped off a year of record growth in 2021, with all core categories, including home, experiencing double-digit growth.

  • Loloi Unveils 2022 Catalog

    Loloi has released its 2022 catalog, with over 500 pages of photographed images featuring Loloi’s extensive collection, showrooms and warehouse.

  • ruggable captain America marvel superhero washable area rug

    Ruggable Rolls Out Marvel Characters Washable Rug Collection

    Online washable rug retailer Ruggable continues to expand its licensing partnerships, introducing 28 chenille rugs featuring Marvel super heroes, including Spider-Man, Black Panther, Iron Man and Captain America.

  • Lowe's Reports Fourth Quarter 2021 Sales and Earnings Results, Ups 2022 Outlook

    The home improvement retailer delivered very strong financial results in 2021, with sales momentum continuing in February, raising its outlook for the operating results of Full Year 2022.

  • The TJX Companies Reports Strong Comp Store Sales Growth

    The TJX Companies, Inc. reports U.S. open-only comp store sales growth of 13 percent for Q4 FY22 vs. Q4 FY20, and FY22 U.S. open-only comp sales up 17 percent.

  • Macy’s Fourth Quarter and Full-Year 2021 Results Exceed Expectations

    Macy's fourth quarter helped deliver a strong end to a solid year, and the company plans to bolster its omnichannel approach and expand its off-mall, small-format Market by Macy’s and Bloomie’s stores in 2022.

  • At Home Opens Six New Stores in February

    At Home, a home décor superstore, will open six new stores in February, bringing the retailer’s store count to 241.

  • Ethan Allen Expands Manufacturing in North Carolina

    The home furnishings manufacturer has purchased certain property, plant and equipment assets of Dimension Wood Products located in Claremont, North Carolina, and which manufactures wood frames and machined parts used in upholstery manufacturing.

  • Walmart Inc. Net Sales Exceed $150 Billion in Q4

    The retail behemoth reports  that total revenue was $152.9 billion for the fourth-quarter 2021, up 0.5 percent, and that total revenue was $572.8 billion for the year-ended.

  • Wayfair Names Ashwin Rao and Niraj Nagrani to Technology Leadership Team

    Rao Joins as Chief Science Officer; Nagrani to Lead Global Supplier Marketplace

  • graphic of most popular design styles by design hubs

    Online Retailer Rugs Direct Releases Top Interior Design Styles Report

    Online retailer Rugs Direct reviewed 280 million user interactions over the course of 10+ years to analyze the decade's most popular interior design trends at the top five social media sites.

  • image of havertys furniture store exterior

    Havertys Reports Record Operating Results for Fourth Quarter and Year End 2021

    Home furnishings retailer Havertys Furniture reported record-breaking sales of $1 billion report, following another record-breaking quarter in sales.

  • January U.S. Retail Sales Up 7.2%, Marking Solid Start to 2022

    U.S. retail sales excluding auto increased 7.2 percent year-over-year, with online sales growing 10.4 percent and in-store spending up as well, according to Mastercard SpendingPulse's latest report.

  • collage of flooring retailer execs

    Flooring Retailers Seize Opportunity to Grow Rug Presence

    Rugnews.com surveys flooring retailers across the nation on their 2022 area rug outlook -- which remains bullish -- and learns they have big plans for the category.

  • Ethan Allen team cut the ribbon at new store

    New Ethan Allen Design Center Debuts in Westport

    Ethan Allen opens its seventh location in Connecticut highlighting company commitment to personal design service combined with technology.

  • Kleen's retailer display system for custom area rugs

    Kaleen Launches Custom Rug Display for Retailers as Broadloom Sales Boom

    After two years in development, Kaleen has launched an easy-to-use custom broadloom sample display system geared toward furniture stores and rug retailers.

  • modern patio scene featuring Lowe's new Origin21 brand furniture and furnishings

    Lowe's Launches New Exclusive Home Décor Brand, Origin21, to Deliver Approachable, Modern Design

    The Origin21 brand is part of Lowe's new "House of Style" campaign and it joins and complements Lowe's popular home décor private brand, allen + roth, that delivers timeless and traditional looks.

  • Bassett Announces Fiscal Fourth Quarter Results and Discusses Sale of Zenith Assets

    Bassett Furniture reports operating profit of $7.1 million for Q4 was behind last year due to margin pressure in our wholesale and logistics operations and higher spending levels, however operating profit for the full year were $26 million, the highest level since 2017.

  • a black and white area rug featuring artist Keith Haring cartoon like design

    Ruggable Launches Keith Haring Rug Collection

    Online washable area rug e-tailer Ruggable has launched a new collection of rugs inspired by the work of Pop Artist Keith Haring.

  • portrait of executive in Home Depot apron

    The Home Depot Names Ted Decker CEO, Effective March 1, 2022

    Longtime Home Depot exec Ted Decker is promoted to CEO and president, and present chairman and CEO Craig Menear will continue as chair of the board.

  • Karol Sullins Joins Dallas Market Center as Executive Director, Leasing

    The  B2B trade show organizer has announced that Karol Sullins has joined as executive director of leasing for Total Home & Gift Temps, which plans to expand that marketplace for the June 2022 event.

  • Wayfair Names Fiona Tan Chief Technology Officer

  • Ethan Allen Expands its Board of Directors and Declares Regular Quarterly Cash Dividend

  • IMC Announces New Hire To Enhance Open Year Round Experience

    Caroline Russell joins International Market Centers as design services manager; IMC sets AmericasMart “Market Wednesday” dates set through 2022.

  • photo of rug buyer receiving the dealer of the year award from executives

    Nebraska Furniture Mart Named Karastan Dealer of the Year

    Karastan celebrates Dealer of the Year Nebraska Furniture Mart, the retailer’s successful Stacy Garcia Home program, and invites Vegas market attendees to the debut of a new Garcia program open to all retailers.

  • modern geometric in sophisticated eclectic setting

    CB2 Releases 2022 Next In Design Report, Unveiling Design Forecast For The Year Ahead

    CB2 surveys designers for a look at their inspiration for 2022, and insights into 2021 challenges that in impacted home purchases, shaped interior design trends, and more.

  • LR Home Names Dana Stevens VP of E-Comm and Direct Sales

    Sales and e-commerce veteran Dana Stevens joins LR Home in newly created position.

  • Dallas Market Center lobby

    Big Name Retailers Help Dallas Market Set Record-Breaking January Attendance

    Both new and existing Dallas Total Home & Gift buyers -- which included buyers from Tuesday Morning, Dillards, Michael’s Stores, The Container Store, At Home, JC Penney, HOM Furniture, Soft Surroundings, and Nebraska Furniture Market -- attended the January 2022 show in record numbers.

  • portrait of Brian Within

    Stanton Beefs Up Sales Team with Several Hires

    Stanton expands its sales team with several additions including naming Brian Witkin, named NE regional Vice President.

  • portrait of Dean Howell

    Dean Howell Named Chairman of the Board World Floor Covering Association

    Dean Howell, president of Moda Floors & Interiors, was elected chairman of WFCA, which also announces the 2022-23 executive committee team.

  • portraits of Dave Matamoros and Scott Miller

    Orian Rugs Announces Promotions, New Hires, and New Product

    The domestic area rug manufacturer promotes of four key employees to support anticipated growth and announces new introductions for Las Vegas Market.

  • JCPenney Taps New Executives to Lead Technology and Digital Organizations

    Industry veterans Sharmeelee Bala and Katie Mullen joined the company to accelerate innovation as JCPenney continues its transformation.

  • City Furniture Releases 2022 Corporate Social Responsibilities Goals and 2021 Report

    The family-owned furniture maker and retailer reports its 2021 corporate social responsibility and lays out its 2022 goals.

  • Photo of rugs direct and lightopia team in showroom

    Rugs Direct Acquires Lighting Retailer Lightopia

    Omnichannel retailer Lightopia and Rugs Direct, following the acquisition, will establish a portfolio of mid- to high-end e-commerce home furnishings brands.

  • Retail Import Growth Levels Out But Volume Remains High

     Imports at the nation’s major retail container ports are expected to return to normal growth rates in 2022 but volumes will remain high, reports the National Retail Federation and Hackett Associates.

  • Mastercard SpendingPulse: U.S. Retail Sales Saw Strong Growth in December

    Retail sales in December closed out the year on a high note, following a robust holiday season, where retail sales grew 8.5 percent.

  • Tv host ty Pennington in room furnished with his designs

    At Home Launches Exclusive Ty Pennington Collection

    The home décor superstore has launched an exclusive collection with Emmy Award-winning TV Host, designer and author Ty Pennington that features hundreds of items from wall art, textiles, furniture and patio to kitchen and dining, rugs, lighting, and home accents.

  • Two children laying on a play mat

    Pottery Barn Kids Collaborates With The Lego Group On Exclusive Home Furnishings Collection

    Pottery Barn Kids, a portfolio brand of Williams-Sonoma, debuts the ‘LEGO x Pottery Barn Kids’ collaboration, designed in partnership with the LEGO Group, and which includes bedding, rugs and decorative accessories.

  • CCA Global Partners Cancels Winter Conventions Due to COVID Concerns

    CCA Global Partners announced that the Winter Convention for Carpet One Floor & Home, Flooring America/Flooring Canada, ProSource and the Floor Trader scheduled in Orlando is cancelled due to COVID-19 concerns.

  • Collage of 2021’s best selling area rugs

    Retailers & Rug Vendors Reveal 2021’s Best-Selling Area Rugs

    RugNews.com surveys a cross-section of area rug manufacturers and retailers from HOM Furniture to Overstock to find out what rugs scored big in 2021.

  • Photo portrait of molly mays

    LR Home Hires Molly Mays as Director of Lead Accounts

    Molly Mays joins LR Home as director of key accounts and business development leader, tasked with heading and growing sales within national furniture accounts while assisting the creative process, design and color direction.

  • Mastercard SpendingPulse: US Retail Sales grew 8.5% This Holiday Season

    Holiday retail sales, excluding automotive, increased 8.5 percent year-over-year this holiday season, with online sales growing 11 percent compared to the same period last year.

  • graphic showing growth of early holiday spending at top retailer

    Holiday Retail 2021 Data Shows Slowing Spend, Earlier Shopping So Far

    Consumer spending was up overall, it decelerated compared to last year, while store visits exceeded pre-pandemic levels so far this holiday retail season.

  • Mastercard Holiday Shopping Survey Shows Consumers Prefer Online Shopping and Gift Cards That Give Back This Season

    Forty-six plan to increase online shopping relative to last year and 69 percent of holiday shoppers believe it’s important to give gifts that support a good cause, according to the survey by Mastercard. 

  • image of a flooring retailer's area rug display

    Rugs Boost 2021 Revenues at Flooring Dealers

    Flooring retailers set records in 2021, and many credit soft surface sales for the strong results. RugNews.com surveys a cross-section to find out what's behind the increase and what these retailers predict for rug sales heading into 2022.

  • designer Liora Manne in her new New York Design Center showroom

    Behind the Scenes at Liora Manne's New Big Apple Showroom

    With 2021 sales surpassing pre-pandemic levels, the eponymous decorative wall textiles and area rug atelier unveils a new showroom at the New York Design Center at 200 Lexington Ave.

  • portrait photo of retailer Ethan Allen's ceo and president

    Ethan Allen Celebrates 90 Years of Innovation With an Eye Toward the Future

    The home furnishings retailer and manufacturer celebrated 90 years in business via an online convention, which featured Ned Lamont, Governor of Connecticut, and CEO Farooq Kathwari.

  • young Cambodian students eating school lunch

    Feizy Donates $25,000 to Feed My Starving Children

    The family-run business has again pledged  $25,000 this holiday season to Feed My Starving Children, a nonprofit that delivers healthy meals to starving children in 70 countries around the world.  

  • image of simple white home furnishings with natural and textural styles

    Wayfair to Launch First Brick & Mortar Locations for AllModern and Joss & Main Brands

    The online retailer will open with three brick-and-mortar retail stores in Massachusetts, including its first for two specialty retail brands AllModern and Josh & Main.

  • image of Jaipur rugs Milan storefront

    Jaipur Rugs Opens Flagship Store in Milan

    The handmade rug producer's 1,722 sq. ft. store will showcase more than 10 different collections from leading designers from India and Europe, including its Wunderkammer line from Matteo Cibic.

  • graphic of thanksgiving weekend shopper sales

    Nearly 180 Million Shop Over Thanksgiving Holiday Weekend

    Nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the National Retail Federation's annual survey.

  • collage of area rug booths at BDNY

    Hospitality Market Makes Comeback, Slowly

    At the annual BDNY boutique hotel fair held in New York City, attendees swarmed the event and some vendors expect the category to return to pre-pandemic levels late next year, early 2023.

  • graphic of retail sales by sector

    Mastercard SpendingPulse: Thanksgiving Weekend Retail Sales Up 14.1% YOY

    U.S. retail sales during Thanksgiving weekend rose 14.1 percent year-over-year and 5.8 percent compared to 2019, excluding automobile sales, with more shoppers heading to stores, according to Mastercard SpendingPulse.

  • Juniper Names New Country Manager for Canada

    Juniper has announced the hiring of Ray Shikatani, a 30-year veteran of Canada’s gift and home B2B industry, as its new country manager for Canada. 

  • The TJX Companies, Inc. Reports Very Strong Q3 FY22 Sales

    The discount retailer announced Q3 FY22 overall open-only comp store sales increased 14 percent over Q3 FY20, the third consecutive quarter that overall open-only comp store sales increased mid-teens or better, and that Q3 FY22 net sales increased of 20 percent compared to Q3 FY20.

  • The Home Depot Announces Third Quarter Results

    The home improvement retailer  reported sales of $36.8 billion for the third quarter of fiscal 2021, an increase of $3.3 billion, or 9.8 percent from the third quarter of fiscal 2020, with comparable sales for the third quarter of fiscal 2021 increasing 6.1 percent.

  • Macy’s, Inc. Reports Third Quarter 2021 Results; Narrows and Raises Full Year 2021 Guidance

    The department store's quarterly net sales and earnings exceeded expectations, with comparable sales up 37.2 percent on an owned basis and up 35.6 percent on an owned-plus-licensed basis.

  • Target Corp. Reports Strong Third Quarter Results

    The superstore released its third-quarter results and posted comparable sales growth of 12.7 percent, with double-digit growth in all five of its core merchandising categories.

  • Thanksgiving Weekend to See More Holiday Shoppers Than Last Year – And Consumers Already Have a Head Start

    Nearly 2 million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday even as consumers have continued the trend of starting their holiday shopping earlier, according to the National Retail Federation and Prosper Insights & Analytics.

  • Home Depot Announces Third Quarter Results

    The home improvement retailer reported sales of $36.8 billion for the third quarter of fiscal 2021, an increase of $3.3 billion, or 9.8 percent from the third quarter of fiscal 2020.

  • image of buyer reviewing Nourison's craftwork samples display

    Alliance Flooring Buying Group Rug Vendors Present Innovations at Dealer Conference

    CarpetsPlus and Carpetland USA retailers were introduced to innovative area rugs and custom options from longtime rug suppliers and newcomers in materials from wool to woven vinyl.

  • collage of rug, shipping port and showroom building

    Rug Execs Predict 2021 Results, Reflect on Top Issues Impacting Industry

    RugNews.com speaks with a dozen area rug industry leaders to assess category sales, year-end projections, and the highs and lows of 2021.