Furniture News

Flexsteel Industries Inc. has been recognized as the best of the nation's furniture suppliers by an industry publication -- an award that comes on the heels of company layoffs and sales declines in the midst of a struggling furniture market.

As their companies reported large declines in quarterly revenues, chief executives at Steelcase Inc.

Shares of LSI Industries Inc. have risen 17.7 percent this week after the Blue Ash-based maker of graphics and lighting products announced two deals.

School Specialty Inc., an online retailer and direct marketer of supplemental learning materials for teachers, schools and parents, reported a slight drop in web sales for fiscal 2009.

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LSI Industries said Monday it has agreed to acquire ADL Technology , a Columbus-based maker of custom-designed circuit boards for about $13 million.

Meijer Inc. CEO Hank Meijer will make a rare appearance July 16 when he accepts Business Review's Lifetime Achievement Award for Innovation on behalf of the Grand Rapids-based retailer.

Shares of the following companies are having unusual moves in U.S. trading this morning.

Fluid Music Canada's Trusonic, Inc. , a leading provider of Internet-delivered music and messaging services for retailers, today announced that Select Comfort Corporation , the nation's leading bed retailer, has chosen Trusonic to provide it with a custom background music and messaging solution.

LSI Industries Inc. Announces Major National LED Crossover Program and Agreement in Principle to Acquire Solid-State LED Engineering and Manufacturing Business, and Comments On International LED Opportunities and Balance Sheet CINCINNATI, June 29, 2009 -- LSI Industries Inc.

GLEN ALLEN, Va.-- --Community Bankers Trust Corporation, the holding company for Essex Bank , announced that the Company held its annual meeting of stockholders - LOS ANGELES-- --California Pizza Kitchen, Inc.

The sponsors of Celebration 2009 recognize the importance of the annual Independence Day event to their employees and the community, according to the head of fundraising for the event.

Herman Miller Inc. closed out its year by going deeper into the healthcare business and escaping with a profit after a rugged year in the office-furniture business.

The private equity firm that is acquiring a majority stake in Select Comfort Corp.

A former CEO of Select Comfort Corp. will return to the corner office after a private-equity firm completes its acquisition of the struggling bed manufacturer and retailer.

Although most employees for Herman Miller Inc. still are on a four-day work week, the future is looking a little less choppy, CEO Brian Walker said Thursday.

Shareholders of Steelcase Inc. learned they would shoulder more pain when they arrived for the office furniture company's annual meeting Thursday morning.

Ethan Allen Interiors says it's laying off 260 workers at its Beecher Falls plant, but will keep a sawmill and dimension mill operating there.

Boeing led the decliners in the S&P 500 index after it delayd the launch of 787 Dreamliner.

Jun. 24, 2009 4:22 p.m. Herman Miller Inc. said Wednesday it has acquired Nemschoff Inc., a Sheboygan manufacturer of commercial furnishings for health care interiors, for $32 million in cash and 2.04 million Herman Miller shares.