Bankrupt Office Interiors of Virginia fielding suitors, shows nearly $4M in debt

3 May, 2023

A clearer picture of the financial state of the recently bankrupt Office Interiors of Virginia is coming into focus.

New filings in the Henrico-based company’s Chapter 11 bankruptcy reorganization proceedings, which began April 16, show the 35-year-old office furnishings firm has assets of $1.8 million and $3.84 million in liabilities, $2 million of which is owed to secured creditors.

La-Z-Boy Declares Quarterly Dividend

2 May, 2023

MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.

PTI Office Furniture Is Offering High Quality Home and Office Furniture In NJ

2 May, 2023

PTI Office Furniture is offering a range of new and used furniture for both residential and commercial purposes in New Jersey.

The company boasts a showroom spread out over 25000 sq feet with a constantly updated and refreshed inventory to meet the demands of home offices and commercial establishments in New Jersey and surrounding areas. The fully stocked facility helps customers explore the company’s furniture offerings and make informed decisions at their leisure. In fact, the New Jersey furniture store’s motto “You Have To See It To Believe It” perfectly encapsulates its philosophy of giving customers a hands-on experience to make the right choice for themselves.

Flexsteel quarterly net sales decrease by 29.5%

2 May, 2023

DUBUQUE, Iowa — Flexsteel says it faced and continues to face “many consumer and macroeconomic headwinds” that led to a decrease in third quarter fiscal year 2023 financial results ended March 31, 2023.

Flexsteel ranked #28 in the FDMC 300 list of top woodworking companies in North American with $544.3 million in sales. Net sales for the quarter decreased 29.5% to $99.1 million compared to $140.4 million in the prior-year quarter.

La-Z-Boy Declares Quarterly Dividend

02 May, 2023

MONROE, Mich., May 02, 2023 (GLOBE NEWSWIRE) — Directors of La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, declared a quarterly cash dividend on the company’s common stock of $0.1815 per share. The dividend is payable June 15, 2023 to shareholders of record as of June 2, 2023.

Facing macroeconomic headwinds, Flexsteel sales decline 29.5% from prior year quarter

2 May, 2023

DUBUQUE, Iowa – Flexsteel Inds. reported third quarter fiscal year 2023 financial results that showed net sales decreased 29.5% to $99.1 million compared with $140.4 million in the prior year quarter, in line with guidance provided previously.

“Despite the market challenges, we delivered net sales for the third quarter of $99.1 million, representing sequential quarter-over-quarter growth of 6.4% compared with the second quarter of this year,” said Jerry Dittmer, CEO.

Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2023 Results

1 May, 2023

DUBUQUE, Iowa–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today reported third quarter fiscal year 2023 financial results.

MillerKnoll : Design Within Reach Launches Summer Collection and Debuts the DWR Journal

01 May, 2023

To kick-off Design Within Reach’s summer season, your source for modern living has introduced The Journal, an evolved catalog which just landed in homes. The Journal is a place where DWR will delve deeper into modern design, art, culture, and creators. “It’s a place to connect with the diverse community of design lovers who are as passionate about modern design as we are,” says Omar Nobil, DWR’s new VP of Creative.