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Stanley Inks $16.1 Million Sale Agreement

Stanley Furniture (NASDAQ: STLY), a legacy furniture producer that has struggled to turn a profit in recent years, said it has agreed to sell substantially all of its assets to a company owned by the chairman of Vietnam-based strategic planning and logistics firm.

Report: Art Van Acquires Levin Furniture

Levin Furniture, a family owned retailer with stores in the Pittsburgh and Cleveland markets, has been acquired by Art Van Furniture, according to several media reports.

A.R.T. Casegoods Collection Earns UL Stability Verification

A.R.T. Furniture’s new Artiste Collection has been UL’s Stability Verification, which certifies that pieces in the collection exceed industry standards for stability.

Mattress Industry Veteran Gerdes Gets Sales Post at Restonic

The Restonic Mattress licensee in Springfield, Mo., has hired industry veteran Todd Gerdes as a regional sales representative.

FastFact: American Mobility Patterns Show Little Change

Although the percentage of Americans moving and changing residences reached historic lows in 2015 and 2016, the patterns of mobility have not shifted significantly for decades, according to data from the U.S. Census Bureau’s Current Population Survey.

Furniture Row Race Team Captures NASCAR Championship

NASCAR driver Martin Truex Jr., driving a car owned by Furniture Row Owner Barney Visser, captured the Monster Energy Cup season championship Sunday with a win in the season’s final race in Homestead, Fla.

Loloi to Open Year-Round Showroom in Dallas

Rug and textile manufacturer Loloi will open a stand-alone, year-round showroom at the World Trade Center in Dallas, just ahead of the Dallas Total Home & Gift Market on Jan. 17-23.

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