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LEXINGTON, Ky. — Bedding major Tempur-Pedic said second-quarter net income tumbled 45% as it faced new competitive pressures in the North American market. The company said mattress sales in North America were 8.3% below last year’s second quarter, but rose 8% outside of North America. Gross margins and operating margins also were well below last . . . → Read More: Tempur-Pedic earnings down 45% as North American sales slide Surya, a manufacturer of area rugs and home accessories, announced its partnership with The Akshaya Patra Foundation, one of the world’s largest non-governmental organization-run school feeding programs. Surya has made a five year commitment to help build this program of highest relevance for children in India by offering their time, expertise and financial support. Surya’s . . . → Read More: Indian Rug Importer Helps Feed Indian Children Ethan Allen plans to immediately expand operations at its solid wood case goods plant here and create 90 jobs. The company plans to invest $250,000 to expand its production capacity. The plant produces dining and bedroom sets. Ethan Allen manufactures upholstery furniture in Maiden, N.C. and has about 1,300 employees in North Carolina. . . . → Read More: Ethan Allen to Hire 90 at North Carolina Plant Investigation targets polyurethane foam pricing practices The FBI raided foam supplier Carpenter’s offices this week as part of a U.S. government investigation into the pricing practices related to polyurethane foam products, Carpenter officials told Furniture/Today. Carpenter officials issued a brief statement after the local newspaper ran a story reporting on the FBI raid, . . . → Read More: FBI Raids Foam Supplier’s Offices 104 Golfers support Roald McDonald Charities Schneiderman’s Furniture drew 104 golfers, including furniture industry supporters, to its 20th annual Ronald McDonald Charities Golf Tournament held at Oak Marsh Golf Club June 24. Russ Schneiderman, tournament chair and retired partner in the Lakeville, Minn.-based retailer, said the event raised more than $19,000. That brought total . . . → Read More: Schneiderman’s Furniture Raises $19,000 for Charity |
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