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Bassett Furniture reduces workforce by 40
Bassett Furniture has announced a series of layoffs and retirements in a bid to better match its cost structure to the current rate of business, the home furniture manufacturer and retailer said in a news release Wednesday. This round of reductions, which included layoffs, early retirements and attrition, impacted 40 workers. Since the start of […]
Hooker CEO talks layoffs, other takeaways from Q2 earnings report
This story is republished with permission from Furniture Today. Martinsville-based Hooker Furnishings reported $95.1 million in consolidated net sales for the second quarter last week, a 2.8% drop from last year. It marked the second consecutive quarterly loss for the company, at $3.1 million. Other than the usual sales figures, there were a few notable […]
McKinnon and Harris names president
Richmond-based outdoor furniture maker McKinnon and Harris has promoted Ken Dail to president, the company announced Tuesday. Co-founder Will Massie will become CEO and continue to play an active role in new product development and progressing the company’s long-term vision. Dail has been at McKinnon and Harris for 12 years and most recently served as […]
