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From Home Furnishing Business

Southerland, IntelliBed Form Alliance to Produce Mattress Line

Independent mattress manufacturer Southerland has formed a strategic alliance with vertically integrated IntelliBed to produce and distribute the company’s exclusive Gel Matrix bedding line.

Stunda, Patil Added to ITA Board of Directors

David Stunda, sales director for Barbarossa Leather, and Dada Patil, president of Catania Silks, have been elected to the board of directors of the International Textile Alliance, the textile industry trade association that hosts the Showtime fabric fair each June and December.

Chris Pelcher to Oversee Levin, Wolf stores for Art Van

Veteran Levin Furniture executive Chris Pelcher has been named executive vice president and general manager of the Levin Furniture and Wolf Furniture brands, which were acquired by Art Van Furniture last fall.

Lower Traffic, Tax Changes Hamper Havertys Sales, Profits

Atlanta-based Havertys (NYSE: HVT) reported lower fourth-quarter sales and earnings, as sluggish store traffic hampered the top line and recent changes in federal tax laws hurt the bottom line.

La-Z-Boy Records 6.1% Sales Jump, but Tax Changes Hurt Earnings

La-Z-Boy (NYSE: LZB) said sales rose 6.1% to $413.6 million in the quarter ended Jan. 27, but earnings were nearly sliced in half by one-time charges stemming from recently-enacted changes in federal tax law.

Tax Law Changes Reverse Q4 Loss at Rent-A-Center

A $77.5 million gain from the recently-enacted tax law helped struggling Rent-A-Center (NASDAQ: RCII) show a fourth-quarter profit of $34.8 million or 65 cents per share.

Longtime Sales Rep Emmet Root to Receive IHFRA Icon Award

Emmet Root, a furniture industry sales representative for more than 60 years, has been named winner of the 2018 Icon Award from the International Home Furnishings Representatives Association.    

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