December 9,
2012 by in UnCategorized 
By Home Furnishings Business in Financial Reports on December 10, 2012
Mattress and bedding vendor Tempur-Pedic International (NYSE: TPX) has reaffirmed its guidance for the full year 2012.
The Lexington, Ky.-based company reaffirmed that it currently expects net sales for 2012 to be approximately $1.4 billion; and that it currently expects 2012 adjusted earnings per diluted share of approximately $2.55.
Tempur-Pedic noted its expectations are based on information available at the time of this release, and are subject to changing conditions, many of which are outside the company's control.
December 9,
2012 by in UnCategorized
By Aggregated Content in on December 10, 2012
from https://newsdesk4.moreover.com/click/?p=Qy83NzY1NjM5OTQ0Jm49TkFQQ08&a=MTI2OTA0NTEyNjc&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=QnVmZmFsbyBOZXdz&d=1989&t=1
The owners of the defunct FWS furniture store in Buffalo are being sued by state Attorney General Eric Schneiderman over as much as $250,000 in advance payments that its customers made for merchandise they never received.
The lawsuit seeks to recover...
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December 9,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on December 10, 2012
from http://www.buffalonews.com/apps/pbcs.dll/article?AID=/20121210/BUSINESS/121219957/1109
The owners of the defunct FWS furniture store in Buffalo are being sued by State Attorney General Eric T. Schneiderman over as much as $250,000 in advance payments that its customers made for merchandise they never received.
The lawsuit seeks to recover advance payments made by FWS' customers, which the Attorney General's Office estimated could total between $160,000 and $250,000. It also seeks to bar FWS' owners, John Grimaldi and John Wanat, from operating another business in New York without posting a $500,000 performance bond.
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December 9,
2012 by in UnCategorized
By Aggregated Content in Business Strategy on December 10, 2012
from http://www.retailingtoday.com/article/online-home-furnishings-retailer-attracts-new-investment
Wayfair.com, an online retailer of home goods and furnishings, has raised $36.3 million in new equity financing to fuel the growth of its private sale site for the home, Joss & Main.
Joss & Main has fared extremely well for Wayfair.com, having acquired nearly three million members and operating at a $100 million annual revenue run-rate. Investors include Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital.
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December 8,
2012 by in UnCategorized
By Aggregated Content in Furniture Retailing on December 9, 2012
from https://newsdesk4.moreover.com/click/?p=Qy83NzU2NzU3NTY2Jm49TkFQQ08&a=MTI2NzA3OTk4OTg&f=TmV3cw&s=cmljaHhtbA&u=YWNyZW5zaGF3QG5hcGNvLmNvbQ&c=TkFQQ08&i=MA&e=Um9sbGEgRGFpbHkgTmV3cw&d=1989&t=1
A three-car crash sent a car into the front of Westco Home Furnishings in Rolla, Mo., last week.
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