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Hooker Furniture to Launch Premium Upholstery Category | Furniture World Magazine

Furniture World News
By Nic Ledoux on
4/23/2021
Responding to a rise in consumer demand for luxury home furnishings, Hooker Furniture will expand its upholstery offering at the spring High Point Market with a new premium upholstery brand. Attracting consumers looking for aspirational designs to elevate their spaces, Aspire by Hooker Upholstery offers a variety of sophisticated styles with subtle, yet striking design details. Aspire incorporates stylish details such as channeling, wood trims, braided leather welts, and laced leather trims as well as sophisticated forms that conceal the unexpected function of power motion furniture.
“Over the past several years, we’ve seen tremendous demand for the higher-end segment of our portfolio. Consumers – who have spent so much time at home due to the pandemic – are inspired to dream big and plan the perfect home environment they’ve always longed for,” said ....

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Kids Furniture Market Size, Analysis, and Forecast Report 2019 to 2029 – KSU

factmrApril 18, 2021
Global Kids furniture Market – Scope of the Report
The following report provides forecast and analysis of the global kids furniture market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of revenue (US$ Mn) & volume (‘000 Units), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global kids’ furniture market along with several macro-economic indicators. This newly published and insightful report on kids’ furniture sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global kids’ furniture market. ....

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Labor, supply chain, and emerging technologies the focus of EBC 2021

Print
Economist, Alan Beaulieu, known best for his accuracy, dry wit, and sound business advice, will offer his latest prognostications for the post-pandemic era and beyond.
COLORADO SPRINGS Labor and supply chain issues are the biggest challenges going forward for top executives in the woodworking industry, according to a recent survey of past Executive Briefing Conference attendees and FDMC 300 company executives. These subjects will be fully addressed at the upcoming EBC in Colorado Springs September 8-10. In addition, attendees will learn about the latest woodworking technologies from the companies that are deploying them. The theme of this year s EBC is Accelerate beyond recovery Business propulsion in the new era. ....

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Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and Increased Backlogs

Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and Increased Backlogs
MARTINSVILLE, Va., April 14, 2021 (GLOBE NEWSWIRE) Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales for the fiscal 2021 fourth quarter of $155.3 million, with net income of $8.5 million, a $1.5 million or 22% increase compared to net income in the fourth quarter a year ago. Earnings per share for the quarter were $0.71 per diluted share, an increase of 20%.
Net sales for the quarter, which began November 2, 2020 and ended January 31, 2021, decreased by $9.6 million, or 5.8%, compared to last fiscal year’s fourth quarter sales. Sales increased in two of the Company’s three reportable segments for the quarter, with Hooker Branded sales up almost $10 million or 25% over the prior year quarter, and Domestic Upholstery sales up approximately $1.4 million or 6% compared to the quarter a year ago. The consolidated sales decr ....

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Recap: Hooker Furniture Q4 Earnings

Recap: Hooker Furniture Q4 Earnings
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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