Retailer Furniture Row, which focuses on promotional to middle price points at its more than 330 locations in 31 states, will soon open a 170,000-square foot store in its hometown of Denver that specializes in upper-end goods.
Despite the strong performance of its Progressive Finance business, lease-to-own major Aaron’s Inc. (NYSE: AAN) said fourth-quarter revenues slipped 3.2% to $795 million and profits were essentially even with the previous year’s fourth quarter.
Stanley Furniture (NASDAQ: STLY) said it has been notified by the NASDAQ Stock Market that is shares could be de-listed because the price has been below $1 per share for more than 30 consecutive business days.
Samson Holding Company, parent company of Universal Furniture, Legacy Classic and Craftmaster, has agreed to acquire high-end brands Baker, Milling Road and McGuire from Kohler Co.
Bedding major Tempur Sealy International (NYSE: TPX) recorded a fourth-quarter profit of $63.4 million or $1.12 per share as sales crept up 0.3%.
Upholstery and case goods resource Klaussner Home Furnishings has been acquired by the private equity firm Monomoy Capital Partners in a deal the company said will benefit both its employees and retail dealers.
Retailer Boston Interiors said it will open a new store later this year in Bedford, N.H.