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furniture

Schewels Home acquired Petersburg-based Butterworth's Furniture. Photo courtesy Schewels Home.
Jun 18, 2025

Schewels Home acquires 100-year-old Petersburg retailer

Lynchburg retailer Schewels Home announced that it acquired Petersburg-based Butterworth’s Furniture, which has been in business since 1925.

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Jun 17, 2025

Bassett CEO Rob Spilman talks tariff strategy, supply chain resilience

Henry County’s Bassett Furniture is taking a solutions-focused approach to protect profitability and support its dealer network amid uncertainty.

Closeup of a young man in a furniture factory who puts together one part of the sofa with a stapler. AdobeStock photo
Jun 13, 2025

Hooker restructuring targets $25M savings by FY27

Hooker Furnishings launches restructuring to cut $25M in fixed costs by FY27, closing warehouses and expanding overseas operations for savings.

Wayfair to vendors: Hold off on tariff increases
May 13, 2025

Vaughan-Bassett sees strong domestic demand despite China tariff easing

Doug Bassett, president of Galax-based Vaughan-Bassett Furniture, said the recent developments and the ongoing uncertainty around trade are having a positive impact on the company’s business because it lacks much direct exposure to China in their supply chain.

North Carolina furniture manufacturer: Business is great; Trump’s tariffs are one reason
Apr 9, 2025

North Carolina furniture manufacturer: Business is great; Trump’s tariffs are one reason

HIGH POINT — Last fall, Chris Morris saw an opportunity in residential upholstery manufacturing and decided to revise his business strategy to accommodate it. With an eye on upholstery manufacturers seeking out a domestic, private-label partner, Morris created a plan to increase production for residential upholstery at his Vision Contract Manufacturing factory in High Point. Less than [&hellip[...]

A worker pins blue upholstery to a chair
Apr 4, 2025

Vaughan-Bassett touts made-in-America inventory, vows no immediate price increases in wake of tariffs

Made-in-America bedroom and dining furniture manufacturer Vaughan-Bassett, which is headquartered in Galax, sent a letter to dealers and sales reps Thursday morning announcing no price increases for 120 days and discounts on certain items in wake of the tariffs announced Wednesday. “Given the great uncertainty created in the home furnishings marketplace as significant tariffs will […]

Closeup of a young man in a furniture factory who puts together one part of the sofa with a stapler. AdobeStock photo
Mar 28, 2025

Hooker exits Georgia warehouse as part of consolidation effort

Martinsville-based Hooker Furnishings announced this week that it will end operations at its Savannah, Georgia, warehouse as part of a consolidation effort. “Our decision to exit our Savannah distribution facility was not taken lightly,” Hooker Furnishings CEO Jeremy Hoff said in a statement. “We deeply appreciate the hospitality and support received from the state of […]

Hooker Furnishings' Modern Country collection is made to meet design and scale preferences for European homes. Photo courtesy Hooker Furnishings.
Mar 19, 2025

Hooker Furnishings adds showroom dedicated to international audience

Martinsville-based Hooker Furnishings is demonstrating its commitment to serving a worldwide audience with the debut of its dedicated International Buyer Showroom at the upcoming High Point Market in North Carolina that will run April 26-30. Set apart from its flagship showroom, the dedicated 5,000-square-foot space is located on the second floor of Showplace in space 2340 […]

Winchester cabinet manufacturer closing Orange plant
Mar 18, 2025

Furniture manufacturer shuts down Canadian operations, moves production to N.Carolina

DELTA, British Columbia — Canadian ready-to-assemble furniture supplier Prepac has reportedly shut down its manufacturing operations in Delta, British Columbia, shifting all production to its facility in North Carolina instead. According to Unifor, the union that represents Prepac’s workers, tariffs are to blame. More than 170 workers will be laid off. “Our union has been […]

Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product
Mar 14, 2025

Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product

WASHINGTON – Does the U.S.’ reliance on imported lumber and timber constitute a threat to national security? That’s what the Trump Administration aims to find out through a new executive order. “The wood products industry – composed of timber, lumber, and their derivative products (such as paper products, furniture, and cabinetry) – is a critical manufacturing […]

Closeup of a young man in a furniture factory who puts together one part of the sofa with a stapler. AdobeStock photo
Jan 31, 2025

Bassett returns to profitability in Q4, beats expectations

Bassett Furniture reported revenue of $84.3 million in the fourth quarter, an 11% decrease from last year, on Wednesday. However, a positive operating income of $900,000 means the company has returned to profitability after five consecutive quarters in the red. The Henry County home furniture manufacturer and retailer beat expectations by a long shot, with […]

A worker pins blue upholstery to a chair
Dec 5, 2024

Customer bankruptcy, severance charges push Hooker’s loss in Q3

Martinsville-based Hooker Furnishings reported consolidated net sales of $104.4 million in the third quarter ended Oct. 27, a decrease of $12.5 million, or 10.7%, from last year. It also reported an operating loss of $7.3 million, marking its third quarterly loss in a row. The company attributed ongoing low demand as a reason for the […]

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