Month: February 2021

Amazon’s Bezos stepping down as CEO

In a letter to employees, Amazon CEO Jeff Bezos announced that he will step down from that position in Q3 this year and transition to the role of executive chairman.

Andy Jassy will become the Seattle-based e-commerce giant’s new CEO.

“In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives,” Bezos wrote. “Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.”

Bezos founded Amazon in 1994 and led the company to its current position in the marketplace. In financial results also announced on Feb. 2, the same day Bezos made his announcement, the company announced that net sales for 2020 reached $386.1 billion, while net income rose to $21.3 billion in the fiscal year.

Net sales for the final quarter of the year increased 44{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd}, reaching $125.6 billion, and operating income for the period was up more than 77{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd}, from $3.9 billion in the 2019 quarter to $6.9 billion in the 2020 period.

The Seattle-based company also got into the home furnishings game in recent years, launching proprietary brands Rivet,

Clothes, Accessories, Architecture, And Residence Décor

Earlier than you start your private home garden activities, it is a should to supply your self with the wanted instruments and equipment in your nursery. Examine the leaves each day for any indicators of common watermelon rising issues comparable to fusarium wilt or striped cucumber beetles. 1. Of, suitable to, or used in a garden: garden instruments; garden greens. Thanks for an ideal lens. I’m planning to start growing herbs this spring. Thanks for the information and ideas. Ginger lily rhizomes grow flowers with fragile, delicate blossoms – many wanting like miniature orchid flowers. The foliage of Ginger lilies is apparently variable, rising in colors of green, yellow, maroon, and stripes of yellow or white. Curiosity in planting ginger lilies has surged in 20 years, due to the conclusion that many ginger lilies are cold hardy, surviving temperatures as chilly as zero degrees F. The foliage and the flowers are pleasantly fragrant.

There are a lot of options when choosing home décor themes in your kitchen-from various kinds of lighting that best suit your own home décor theme, to wall boarders and straightforward stencils for the walls, to clocks, and so much more. Many people like to go with …

Designers kick off ‘Market on the Move’ in NYC

While the High Point Market returned in October after its spring edition was canceled due to the COVID-19 pandemic, many in the industry still couldn’t attend for a number of reasons.

Designers Alexa Hampton and Thom Filicia noticed that many of their contemporaries, particularly those in the greater New York/New Jersey area, were missing, and each separately began thinking of ways to bring a piece of the experience to the region. When they compared notes and realized they were both thinking the same thing, they decided to pool their efforts. Called “Market on the Move,” it is it a pop-up initiative that, should it go well, could be done in other markets around the country moving forward.

The designers shared how it came together while on a call with Home Accents Today.

“It was a little different this time and great in a lot of ways but we missed seeing people that we typically see. Alexa and I were separately thinking about how to connect with people who didn’t have the opportunity to see it,” Filicia said. “Maybe it would be great to utilize the showroom I have in New York and show some of our favorite pieces from market.

Develop Vegetable Crops From Kitchen Scraps!

One of many easiest ways to change the entire look of a room is to color it or change the present paint color. The American design additionally marked a change in amount as properly. Sure items of furnishings are mass produced by means of technological developments that have drastically diminished a lot of hand crafted manufacturing strategies. This has modified the best way that buyers purchase furniture as nicely. The present day furniture designs have expanded to include greater than a settee and a love seat. Many furniture units are designed with a recliner or an ottoman. This prolonged design has supported the housing developments that had been designed for larger family units.

Keep away from putting furnishings against the walls to maintain the room cozy. Consider a sectional, sofa chaise or curved sofa paired with an accent chair for relaxed, casual and cohesive group. When you want conventional seating, place two similar sofas dealing with each other or a try four membership chairs surrounding a coffee table or ottoman in the heart of the conversation space. Should you own a really giant or huge-sized house then one can organize the issues quite efficiently and still save some area. Massive …

Ethan Allen fiscal Q2 sales tick up 2.4{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd}

Ethan Allen, Albany, N.Y.

DANBURY, Conn. – Vertically integrated manufacturer and retailer Ethan Allen reported a 2.4{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd} increase in net sales to $178.8 million for its fiscal 2021 second quarter ended Dec. 31.

That increase didn’t reflect the pace of business. Like most of the industry, Ethan Allen is struggling to turn written orders into sales even as the company ramps up production to meeting new demand and catch up with its existing backlog after last year’s temporary plant closures. Given the production cycle from written order to delivery, that low single-digit second-quarter sales uptick compared with 44.9{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd} growth in retail written orders and 28.1{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd} growth in wholesale written orders.

Ethan Allen more than doubled its bottom-line performance, with fiscal 2021 second-quarter net income of $16.9 million compared with $7.1 million for the same prior-year period.

Operating income of $22.6 million compared with $9.2 million in the prior year period. The 2.4{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd} net sales increase of $4.3 million coupled with disciplined cost and expense controls, including strong cost containment measures and expense management, drove operating income growth. Operating with headcount down 19.2{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd} year-over-year also helped improve consolidated operating income and margin.

Ethan Allen increased wholesale segment sales 10.5{2b694241afe913bbe4076d34ac32a9acff19d6f186473c8db19075f1bb6af8dd} to $101.6