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Mattress Firm Parent to Issue Revised Financials for 2015, 2016

Steinhoff International, the troubled parent company of Mattress Firm and a number of other furniture retailers and manufacturers in Europe, Asia and Africa, said an investigation of its finances revealed the company will have to restate its financial statements from the 2015 and 2016 fiscal years.

Mitchell Fadel Replaces Speese as Rent-A-Center CEO

Mark Speese, the longtime CEO of Rent-A-Center (NASDAQ: RCII) who lost his board of directors’ seat in a proxy fight last year, has resigned as CEO and is being replaced by former company president Mitchell Fadel.

A.R.T. Promotes John Scarsella to Regional Sales Post

Case goods and upholstery resource A.R.T. Furniture has promoted John Scarsella to Midwest regional sales manager.

Vegas Market Has Record 36 Alliances with Industry Groups

Las Vegas Market said its recent partnership with the Good Toy Group, an organization for independent toy retailers, gives the market a record 36 alliances with a variety of industry organizations for the upcoming Winter Market.

FastFact: Furniture Spending Varies Little Among Low, High-Income Households

The percentage of income spent on furniture and appliances varies little between low- and high-income households, according to the latest Consumer Expenditure Survey from the Bureau of Labor Statistics.

AmericasMart Founder John Portman Jr. Dies at 93

John Portman Jr., who founded what is now AmericasMart and gained worldwide fame as an architect and developer, died Dec. 29 at age 93.

Survey Said: Furniture Factory Orders Jump 8% in October

Furniture factory orders rebounded in October, registering an 8% increase over the same month in 2016, according to the latest survey from the Smith Leonard accounting and consulting firm.

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