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Furniture Brands' market capitalization (or total value of its shares) fell from $1.8 billion in 2004 to $31 million in 2013. The company has lost money every year since 2007 and was delisted from the New York Stock Exchange twice in less than a year.
HSM is an American company globally manufacturing materials and components for transportation, furniture, bedding and other markets. It is a privately held company that is family-owned, based in Hickory, North Carolina, where it was originally founded in 1944 by Parks Underdown as the "Hickory Springs Manufacturing Company."
The High Point Market has been noted for being a significant part of the region's furniture business cluster, which was discussed by urbanist Richard Florida [10] and initially by economist Michael Porter. [11] The High Point Market's relationship to downtown High Point is the focus of the book "Showroom City" by urban sociologist John Joe ...
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A bankruptcy filing on December 12, 2014, showed United Furniture Industries won the bidding for the 475,000-square-foot Lane Furniture plant in Tupelo. [ 10 ] In April 2015, the company began $2.7 million in improvements on a 70,000-square-foot showroom built in the 1990s for Drexel-Heritage, and later used by Henredon, Maitland-Smith and La ...
Meanwhile, the High Point Market continued to set furniture trends and to be a national economic indicator; the $5 billion in sales in 1947 after World War II forecast a postwar boom. [28] The 1950s' growth of the furniture market mirrored that of High Point's second population boom from 39,973 in 1950 to 62,063 in 1960. [27]