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Furniture manufacturers worried by port troubles

2015-02-09 17:54:42| Furniture - Topix.net

The Spring Tupelo Furniture Market wrapped up Sunday, and manufacturers are headed to their factories to get the production lines cranked up to fulfill the orders placed by retailers from across the country. But there is some unease among many in the furniture industry, which, like many others, are keeping a close eye on the West Coast.

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Class-action suit in Furniture Brands bankruptcy dismissed

2015-02-04 03:31:20| Furniture - Topix.net

Shareholders who filed a class-action lawsuit against the former Furniture Brands International and two of its top executives have no proof to back up their allegations that the executives misrepresented the company's financial performance and manipulated the books so they would qualify for bonuses, a federal judge ruled last week. Without that evidence, the allegations "amount to fraud by hindsight," U.S. District Judge Henry Autrey wrote in his opinion dismissing the lawsuit.

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GRACE, Bassett Furniture provide furniture for those in need

2015-02-03 19:06:51| Furniture - Topix.net

The furniture company worked with Grapevine Relief and Community Exchange to provide six families with furniture including a whole bedroom set for Crawford on Jan. 22. "Just to have a nice little area to go in and get some peace and quiet," the 34-year-old Crawford said before jumping onto her new bed. Crawford and her five children have been in GRACE's Transitional Housing program for 14 months.

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Dennis Seid: Rolling out the carpet at furniture market

2015-02-01 15:21:50| Furniture - Topix.net

At the start of the 21st century 15 years ago, there was great concern about China and its effect on the furniture industry in the U.S. Industry leaders predicted - and even participated in - the outsourcing of jobs to China and elsewhere in Asia, where companies could find cheaper labor and fewer regulations. For many, shifting labor and materials overseas cut costs and boosted profits.

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