A man will serve 3.5 years in prison for starting a fire that destroyed a family furniture store in Kenosha during the unrest the day after Jacob Blake was shot.

Devon Vaughn, 23, of Racine, pleaded guilty in March to conspiracy to commit arson.

Several buildings were set on fire during 2020 riots that erupted in Kenosha following the police shooting of Blake, a black man. Federal and local investigators were unable to file charges immediately, but later released surveillance photos of the suspects and offered rewards for information about the fires.

Vaughn will also face two years of supervised release and will have to pay more than $1.7 million in restitution after serving his prison sentence.

Prosecutors recommended that Vaughn be sentenced to five years, citing the nature of the offense and his history of drug use.

Vaughn’s defense opposed the government’s recommendation and called for a maximum sentence of 2½ years.

A white police officer shot Blake in the back during a response to a domestic dispute on August 23, 2020. Video of the shooting, which left Blake paralyzed, went viral and within hours demonstrations and protests escalated. turned into riots, arson and violence in Kenosha. .

RELATED: Kenosha small businesses, Department of Corrections building burned down, countless others vandalized

RELATED: ‘We are blessed’: Spring brings a sense of renewal to Kenosha as it emerges from last summer’s violent protests

On August 24, 2020, Vaughn took time off work to protest the shooting.

Vaughn had been drinking and taking Xanax during the protest. He walked into a local business, B&L Office Furniture, on 60th Street, with two people.

Vaughn placed burning papers on a chair and his offense lasted about 15 seconds, according to the defense memo on the sentencing.

“This act is totally out of character,” said his attorney, Joshua Uller.

A defense memo said Vaughn grew up in small town Ohio and was the only black player on his high school football team. Vaughn graduated from high school in 2017 and got a job.

The story continues

The government’s sentencing memo says Vaughn had a limited criminal history.

U.S. District Judge JP Stadtmueller noted the fire caused nearly $2 million in damage and deeply affected the family of Linda Carpenter, who started the business with her husband more than 40 years ago.

Carpenter told the hearing his family feared for his life in the weeks following the fire.

B&L Office Furniture has since moved to 7600 75th St., about 15 minutes west of the original location.

Two nights later, 17-year-old Kyle Rittenhouse shot and killed two protesters and injured a third. Rittenhouse claimed he shot in self-defense, and a Kenosha County jury acquitted him of all charges in November.

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This article originally appeared on Milwaukee Journal Sentinel: Man gets 3 years for arson in 2020 Kenosha riot

Despite continued supply chain constraints and other macro headwinds, the furniture industry has boomed over the past two years, driven by strong demand for comfortable home furnishings amid prolonged remote lifestyles. and a hybrid working environment. Additionally, increased government spending on real estate development through commercial and residential projects is expected to contribute to the growth of the industry.

The U.S. furniture market is expected to generate $239.40 billion in revenue in 2022. According to a report by ReportLinker, the global furniture market is expected to reach $945.53 billion by 2030, growing at a CAGR of 4 .5%. Increased adoption of online furniture shopping is expected to drive the industry’s growth and revenue.

So, given the industry’s bright growth outlook, we think it might make sense to invest in stocks of high-quality furniture companies Ethan Allen Interiors Inc. (ETD), La-Z-Boy Incorporated (LZB) and Bassett Furniture Industries, Incorporated (BSET).

Ethan Allen Interiors Inc. (AND D)

ETD is a Danbury, Connecticut-based interior design company that manufactures and retails home furnishings in the United States, Mexico, Honduras and Canada. The Company operates through two segments: Wholesale; and Retail. Its products include storage items, including beds, tables, entertainment units and home office furniture; home accent items, such as wall hangings, mattresses, bedspreads, rugs, and home and garden furniture; and upholstery consisting of sleepers, recliners and other movable furniture.

On April 27, ETD’s board of directors increased the company’s regular quarterly cash dividend by 10% to $0.32 per share. “Today’s board decision highlights our strong balance sheet enabling these returns to shareholders. We believe that we are well positioned thanks to our relevant offers, our strong retail network, the personalized service of our interior design professionals combined with technology and our unique vertical integration structure,” said said Farooq Kathwari, CEO of ETD.

In February, ETD expanded its manufacturing in North Carolina by purchasing, through its subsidiary Ethan Allen Operations, Inc., certain fixed assets of Dimension Wood Products, Inc., a manufacturer of wood framing and machined parts. located in Claremont. , North Carolina. This should increase the company’s control over raw materials, purchased parts, and labor costs.

ETD’s net sales increased 11.7% year-over-year to $696.33 million during its third quarter of fiscal 2022, which ended March 31, 2022. Its gross profit adjusted improved 17.8% year over year to $119.46 million. Its adjusted operating profit rose 59.9% year-over-year to $31.30 million. Additionally, the company’s Adjusted Net Earnings and Adjusted EPS were $23.70 million and $0.93, respectively, up 61.5% and 60.3% from the period. of the previous year, respectively.

ETD’s gross profit margin of 59.47% over 12 months is 66% higher than the industry average of 35.82%. The stock’s 12-month ROCE of 24.28% is 39.1% above the industry average of 17.45%.

The consensus revenue estimate of $199.30 million for its fiscal 2022 fourth quarter, ending June 30, 2022, represents an 11.8% improvement over the same period last year. Analysts expect the company’s EPS for the current quarter to be $0.81, representing an 8.8% year-over-year increase. Not surprisingly, it has exceeded consensus EPS estimates in each of the past four quarters.

The stock has gained 3% in price over the past nine months and closed yesterday’s trading session at $23.25.

ETD’s POWR ratings reflect this promising outlook. It has an overall rating of B, which is equivalent to Buy in our proprietary rating system. POWR ratings rate stocks on 118 separate factors, each with its own weighting.

ETD has an A rating for quality. Within the home and property improvement industry, it is ranked #10 out of 63 stocks. To view additional POWR (Stability, Growth, Momentum, Value, and Sentiment) ratings for ETD, click here.

La-Z-Boy Incorporated (LZB)

LZB in Monroe, Michigan, manufactures, markets, imports, exports, distributes and retails upholstered furniture products, accessories and furniture products in the United States, Canada and abroad. The Company operates through two segments: Wholesale; and Retail. It sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, resellers and other independent retailers. It operates over 159 company-owned La-Z-Boy Furniture Galleries stores.

During its third quarter of fiscal 2022, ended January 22, 2022, LZB’s sales increased 21.6% year-over-year to $571.57 million, and its gross profit improved 9% from the previous year’s value to $219.37 million. The company’s operating profit was $39.49 million, up 14.7% year-on-year. Additionally, its net income attributable to LZB per share rose 4.8% year-over-year to $0.65.

LZB’s gross profit margin of 39.55% over the last 12 months is 10.4% higher than the industry average of 35.82%. Its 12-month ROTC of 10.27% is 37.8% higher than the industry average of 7.45%.

Analysts expect LZB’s revenue for its fiscal year 2022, ending April 30, 2022, to be $2.34 billion, a 34.7% increase over the prior year. . The company has exceeded consensus revenue estimates in each of the past four quarters. Additionally, the Street expects the company’s current-year EPS to rise 13.2% year-over-year to $2.97.

Shares of LZB are down 5.5% over the past month and closed yesterday’s trading session at $25.44.

LZB’s strong fundamentals are reflected in its POWR ratings. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.

LZB has a B rating for quality. Within the home and property improvement industry, it is ranked #8 out of 63 stocks. To view additional POWR (Growth, Momentum, Stability, Value, and Sentiment) ratings for LZB, click here.

Bassett Furniture Industries, Incorporated (BSET)

BSET manufactures, markets, distributes and retails home furnishings in the United States and around the world. The Bassett, Virginia-based company operates through three segments: Wholesale; Stores owned by a retail company; and logistics services. It operates over 63 company-owned stores and 34 licensee-owned stores. In addition, BSET owns and leases retail store properties and distributes its products through other multi-line furniture stores, mass merchants and specialty stores.

In March, BSET’s Board of Directors declared a special dividend of $1.50 per share, which was paid on April 6, and a regular quarterly dividend of $0.14 per share, which was paid on April 27. may. In addition, the company increased its authorization to buy back shares. at $40 million. “We will use our operating cash flow and our balance sheet to invest more aggressively in our business. In the meantime, we will continue to be opportunistic with share buybacks while continuing to evaluate our capital allocation strategy,” said Rob Spilman, President and CEO of BSET.

BSET’s furniture and fixtures net sales increased 15.9% year-over-year to $117.86 million in the first quarter of fiscal 2022, which ended February 26, 2022. Its gross profit increased 7.5% year over year to $57.39 million. The company’s operating profit was $6.48 million, up 16.5% year-on-year. Its net profit and earnings per share amounted to $5.57 million and $0.57, respectively, registering an increase of 38.9% and 42.5% compared to their values ​​a year ago.

BSET’s gross profit margin of 45.12% over the last 12 months is 26% higher than the industry average of 35.82%. Its asset turnover ratio of 1.21% over the last 12 months is 17.2% higher than the industry average of 1.03%.

Analysts expect BSET’s EPS for its third quarter of fiscal 2022, ending August 31, 2022, to be $0.49, indicating a 56.5% year-over-year increase. ‘other. The stock is up 9.5% over the past three months and 12.4% over the past six months to close yesterday’s trading session at $17.23. Moreover, its gain since the beginning of the year translates into 12.8%.

BSET’s POWR ratings reflect a strong outlook. The stock has an overall rating of B, which translates to Buy in our POWR rating system.

BSET has an A rating for quality and a B rating for value. It is ranked #7 out of 63 stocks in the home and property improvement industry. Click here to see BSET’s POWR Ratings for Sentiment, Growth, Stability and Momentum

ETD shares were trading at $23.01 per share on Wednesday morning, down $0.24 (-1.03%). Year-to-date, the ETD is down -10.33%, compared to a -12.40% rise in the benchmark S&P 500 over the same period.

About the Author: Mangeet Kaur Bouns

Mangeet’s keen interest in the stock market led her to become an investment researcher and financial journalist. Using its fundamental approach to stock analysis, Mangeet seeks to help retail investors understand the underlying factors before making investment decisions. After…

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EASTVALE, Calif. – Parker House implemented a significant reduction in its ocean freight surcharge percentage last week due to lower ocean freight costs.

Doug Townsend, the company’s chief operating officer, told Furniture Today that the company is monitoring the situation weekly to further reduce the surcharge and eventually plans to eliminate it altogether.

“Demand has slowed considerably, especially since the second half of last year,” he said. “The slowdown in demand combined with the lasting effects of the global supply chain crisis is not good. Lack of labor and high freight rates…it’s all bad.

“Factories are shipping things that were ordered nine months ago. There’s a tsunami of inventory out there,” he said.

But Townsend remains somewhat optimistic.

“We’re optimistic people will need furniture forever,” he said. “We will just have to pull ourselves out of the recession. Hope it’s just a sweet one. We fight it by entering new product categories.

Details on the new product categories were not released at this time, but he said the new products are currently in the design phase, with development expected to begin soon. The company expects to make an announcement in 60-90 days. New categories should be ready for the next High Point Market.

Parker House provides furniture for the living room, dining room, entertainment, office and library categories.

Related stories:

Humanscale continues to lead the industry in sustainability and transparency by achieving the highest levels of TRUE® certifications across all global factories

NEW YORK, June 2, 2022 /PRNewswire/ — human scale, a global leader in office furniture design, today announced that the organization has achieved TRUE® Gold and Silver certifications for all of its production facilities worldwide. TRUE® stands for Total Resource Use and Efficiency, and is administered by Green Business Certification Inc. (GBCI) to help facilities set, pursue, and achieve zero waste goals while becoming more resource efficient. Humanscale is the first furniture manufacturer to achieve TRUE certification.

Humanscale continues to lead the industry in sustainability and transparency as the only furniture manufacturer to achieve zero waste goals while becoming more resource efficient. In 2020, Humanscale achieved 90% waste diversion for all factories, a TRUE® minimum requirement. Since then, Humanscale has set out to achieve TRUE® certification through the furniture brand’s zero waste policy, which aims for 100% waste diversion from landfills by 2030, with at least 1% improvement per year. until this goal is achieved.

“When we manage our materials carefully enough that none are considered ‘waste’, we no longer operate in the linear take-make-waste economy, and we can start doing the circular economy a reality”, remarks Jane Abernethydirector of sustainable development for Humanscale. “Our corporate goals and policies recognize that it is no longer enough for businesses to simply reduce their harmful impacts. Instead, we must take meaningful steps to reuse and divert material waste, recycle hard-to-use materials recycle and work closely with vendors and suppliers to proactively avoid waste so the whole industry can benefit.”

TRUE® Zero Waste Certification strives to change the way materials flow through society so that all products are ultimately reused and diverted from landfills, incineration (waste to energy), and the environment.TRUE ® provides best practices and training that empower businesses, property managers, schools, government agencies, and nonprofits to rethink how resources are used. TRUE® certified projects are environmentally friendly and achieve a minimum of 90% waste diversion. The program helps facilities turn waste into savings, reduce greenhouse gas emissions, manage risk, reinvest resources and create jobs. Humanscale commissioned The Sheward Partnership to act as TRUE® certification consultants for its four manufacturing plants and help the organization achieve its goal of zero waste in its manufacturing process.

The story continues

“Humanscale recognizes that by striving for zero waste, they help us build a sustainable future for all,” said Peter Templeton, President and CEO of the US Green Building Council and GBCI. “Waste impacts every facet of business and changing the way we use resources will bring benefits to public health, reduce our impact on the environment and advance a greener economy.”

To achieve TRUE® certification of their facilities, Humanscale conducted a holistic review of new ways to reuse materials, recycle hard-to-recycle materials, work with suppliers to proactively prevent waste, and develop a culture of responsible management of materials in all factories. The process promotes strong total participation, including training of all employees and zero-waste relationships with suppliers and customers. The whole systems approach enabled Humanscale to achieve higher level certification than they expected in a short period of time.

As part of the framework described above, Humanscale has assigned a waste manager to each site. Waste audits are also conducted twice a month to highlight small changes that still need to be made so the furniture brand can continue to refine its processes.

About Humanscale

Humanscale is the leading designer and manufacturer of performance ergonomic products that improve the health and comfort of working life. By leveraging new technologies in functional yet minimalist designs, Humanscale transforms traditional offices into active, smart workspaces.

Guided by the fundamental philosophy that good design achieves more with less, Humanscale is committed to designing with the health of consumers and the planet in mind. Humanscale offers 26 products, representing more than 60% of sales, certified by the International Living Future Institute Living Product Challenge (LPC) – considered the most advanced sustainability standard for products – as climate, water and energy positive. Other commitments include using recycled materials and eliminating red list chemicals from their products, often found in coatings, finishes and additives. Because transparency is necessary to drive industry change, Humanscale also issues transparency labels with products so consumers can feel confident and informed about their purchases.

Committed to having a net positive impact on the Earth as well as our customers, Humanscale offers award-winning products designed with an emphasis on function, simplicity and longevity. Click here for more information on human scale and their products.

About Green Business Certification Inc. (GBCI)

The GBCI is the world’s leading certification and accreditation body for sustainability and health. Founded in 2008, GBCI exclusively administers project certifications and professional credentials and certificates under the US Green Building Council’s Leadership in Energy and Environmental Design (LEED) green building rating systems, as well as the PEER standard for electrical systems, the WELL Building Standard, the Sustainable SITES Initiative (SITES), EDGE (Excellence in Design for Greater Efficiency), TRUE certification for zero waste and the Investor Confidence Project (ICP) for energy efficient retrofits. Visit gbci.org.

Media contact: [email protected]

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SOURCE Human scale

MADISON, Wis. – Office furniture resource Madison Liquidators, in cooperation with manufacturer Express Office Furniture, has unveiled North American Laminate, a line of office furniture produced entirely in North America.

The line was created in response to supply chain disruptions and shortages, the company said.

The line is constructed with commercial laminate materials that resist scratches and dents, while retaining its clean finish even after years of use, the company said. It is currently available in Stinson Gray and Espresso, with more options planned for the future. Items include a basic rectangular desk, an L-shaped desk by adding a return to the main desk shell, or a U-shaped desk with an attached bridge, credenza and optional hutch.

Each desk can be fitted with file pedestal drawers or double hanging file pedestal drawers as required.

The line is suitable for a home office, private company offices or co-working spaces.

“This effort not only supports quality goods, but ensures that supply can better meet demand in the future. Madison Liquidators is poised to deliver a full line of North American-made products,” the company said in a statement.

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Global “modular wood furniture marketThe report (2022-2028) provides a detailed analysis of global demand size, native and domestic position demand size, segmentation demand growth, demand share, competitive landscape, from deal analysis, domestic and global demand impact Key Players, Value Chain Optimization, Trade Regulations, Recent Developments, Openings Analysis, Strategic Demand Growth Analysis, Product Launches, Expansion commercial activities and technological inventions.

About Wood Modular Furniture Market Size and Share:-

This report contains the market size and forecast of Modular Wooden Furniture globally, including the following market information:
Global Modular Wood Furniture Market Revenue, 2017-2022, 2023-2028, (Million USD).
Global Wooden Modular Furniture Market Sales, 2017-2022, 2023-2028, (K Units).
Top five global modular wood furniture companies in 2021 (%).
The global Modular Wood Furniture market was valued at Million in 2021 and is projected to reach Million US$ by 2028, at a CAGR of % during the forecast period.

Get Sample PDF of Modular Wood Furniture Market Report @

https://find360reports.com/wooden-modular-furniture-market-7145/?ff_landing=3&form=request-sample

Here are some key players in the wooden modular furniture market in 2022:

• USM Modular Furniture
• IKE
• El West
• Williams Sound
• TJX
• Herman Miller
• HNI Company
• Okamur
• Hammer
• Kimball International
• ON MY WAY
• Krishna office furniture systems
• DM module
• AFC SYSTEMS
• Yash Modular Furniture
• Inasmuch as

Global Wooden Modular Furniture Market, By Type, 2017-2022, 2023-2028 (USD Million)

Global Modular Wood Furniture Market Segment Percentages, by type2022 (%)

• the tables
• Cabinets
• Beds
• Chairs
• Others

Global market segment percentages, per app2022 (%)

• Housework
• Office request
• Other

Global Modular Wood Furniture Market, by Application, 2017-2022, 2023-2028 (USD Million)

If you have any special requirements for this report, please let us know and we can provide you with a customized report.

The study is based on a detailed exploration of market dynamics, demand size, issues, challenges, competitive analysis, and organization involved. The study examines a variety of critical factors driving the in-depth growth of the Global Wooden Modular Furniture Industry. In addition, chain of force analysis, profit periphery analysis, and price analysis are also covered in detail to help businesses and give them an idea of ​​the amount of capital needed to enter this industry. .

Contents:-

1 Introduction to research and analysis reports
1.1 Modular Wood Furniture Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Modular Wood Furniture Market Overview
1.4 Features and benefits of this report
1.5 Methodology and sources of information
1.5.1 Research methodology
1.5.2 Research process
1.5.3 Base year
1.5.4 Report assumptions and caveats
2 Global Modular Wooden Furniture Market Size
2.1 Global Wooden Modular Furniture Market Size: 2021 VS 2028
2.2 Global Wood Flooring Revenue, Outlook and Forecast: 2017-2028
2.3 Global Furniture Sales: 2017-2028
3 Business landscape
3.1 Modular Furniture Key Players in Global Market
3.2 Global Top Modular Wooden Furniture Companies by Revenue
3.3 Global Wooden Modular Furniture Revenue by Company
3.4 Global Modular Wood Furniture Sales by Companies
3.5 Global Wood Flooring Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Modular Wood Furniture Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Wood Flooring Product Type
3.8 Tier 1, 2, and 3 Modular Wooden Furniture Players in Global Market
3.8.1 List of Global Tier 1 Wooden Modular Furniture Companies
3.8.2 List of Global Tier 2-3 Modular Wood Furniture Companies
4 curiosities per product
4.1 Overview
4.1.1 By Type – Global Wooden Modular Furniture Market Size Markets, 2021 & 2028
4.1.2 Tables
4.1.3 Cabinets
4.1.4 Beds
4.1.5 Chairs
4.1.6 Others
4.2 By Type – Global Wood Based Furniture Revenue and Forecast
4.2.1 By Type – Global Wood Based Furniture Revenue, 2017 – 2022
4.2.2 By Type – Global Wood Based Furniture Revenue, 2023 – 2028
4.2.3 By Type – Global Wood Based Furniture Revenue Market Share, 2017 – 2028
4.3 By Type – Global Modular Wooden Furniture Sales and Forecast
4.3.1 By Type – Global Modular Wooden Furniture Sales, 2017 – 2022
4.3.2 By Type – Global Sales of Modular Wooden Furniture, 2023 – 2028
4.3.3 By Type – Global Wooden Modular Furniture Sales Market Share, 2017 – 2028
4.4 By Type – Global Modular Woodworking Price (manufacturers’ selling price), 2017- 2028
5 curiosities per application
5.1 Presentation
5.1.1 By Application – Global Wooden Modular Furniture Market Size, 2021 & 2028
5.1.2 Household
5.1.3 Office request
5.1.4 Other

Continued…

Modular Wood Furniture Market Report Price $3250 for a single user license.

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Memorial Day weekend may be winding down, but there are still tons of amazing deals right now on everything from mattresses to patio furniture. It’s one of the best times of year to shop for furniture, as brands like West Elm, Burrow and Allform offer deep markdowns. And while many of these sales have been live for a few days, some of the best Memorial Day furniture savings events are still going strong.

If you’re just getting started, run, don’t walk (metaphorically speaking). While most of these sales will be live until the end of today (and in some cases May 31), it’s a good idea to browse your favorite sites as soon as possible. This way you are less likely to encounter out of stock items and shipping delays. Below, find the best furniture and home decor deals you can buy right now.

Best Memorial Day Furniture Sellers To Buy Now

All shapes: Enjoy 20% off everything on the modular furniture brand website with code MDSALE20.

Ashley Furniture: Ashley Furniture’s Memorial Day Furniture Sale includes thousands of tempting deals on dining sets, dressers, sofas and more.

Home deposit: Are you looking to spruce up your space? Get up to 35% off select furniture, mattresses and decor.

Indoor weather:Coded REMEMBRANCE DAY you’ll get 20% off your purchase, plus free shipping on orders over $1,500 at Inside Weather.

Wayfair: The company’s Memorial Day sale includes huge discounts on furniture: up to 60% off living room seating and bedroom furniture starting at just $99.

Terrier: Save up to $1,000 off your order at Burrow, based on your spend, with code MDS22.

Overstock: During Overstock’s Memorial Day Clearance Sale, you can get up to 70% off thousands of items for every room in your home and enjoy free shipping.

Floyd: Save 15% sitewide with code SUNNYDAYS22. The direct-to-consumer darling rarely has sales on its contemporary pieces, making this Memorial Day sale one not to miss.

Castle: In honor of Memorial Day, Castlery is offering $100 off purchases of $1,200 or more, $250 off purchases of $2,500 or more and $550 off purchases of $4,500 or more. The discount will automatically be applied to your cart.

pottery barn: Looking for an excuse to spend more time outdoors? Pottery Barn is offering up to 70% off its outdoor furniture, upholstered seating and indoor pieces.

Raymour and Flanigan: Head over to Raymour & Flanigan, where you can save up to 35% on indoor and outdoor furniture.

Serena & Lily: For 20% off everything on the Serena & Lily site, enter the code WAVES.

Neighbor: The outdoor furniture brand takes $200 off orders over $2,000 and $400 off orders over $4,000 with code MEMORIAL22.

Target: To kick summer off with a bang, the mega-retailer is taking 40% off some of its decorative and outdoor furniture, including this fun egg chair.

Sun Haven: If you’re looking for quality outdoor furniture, SunHaven is offering 20% ​​off everything on their site with code MEMORIAL20.

Apt2B: Through May 31, Apt2B is offering 15% off their entire site, plus 20% off orders of $2,999 or more and 25% off totals of $3,999 or more.

Front door: Save up to 50% sitewide during the Frontgate Memorial Day Sale.

Outside: The outdoor furniture brand is offering $200 off orders of $5,900 or more, $400 off orders of $7,900 or more and $1,000 off orders of $9,900 or more with code MEMDAY22.