June 6,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Hooker Furniture said net income shot up nearly 90% in the quarter ended April 30 due to improved profitability in its Hooker casegoods and upholstery segments.
April 13,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Pier 1 Imports (NYSE: PIR) said sales slipped 2.6% in the fourth fiscal quarter, but net income shot up more than 42% as the retailer boosted gross margins and controlled operational costs.
April 6,
2017 by Larry Thomas in Business Strategy, Financial Reports, Industry
A robust fourth quarter aided by record shipments from its Home Meridian unit boosted Hooker Furniture’s (NASDAQ: HOFT) top line to $577.2 million for the fiscal year ended Jan. 29.
April 4,
2017 by Larry Thomas in Financial Reports, Industry
Wrapping up a "transitional year" as it propped up its struggling consumer credit business, retailer Conn's Inc. (NASDAQ:CONN) said fourth-quarter revenues fell 5.2% as the company recorded a net loss of $74,000.
March 30,
2017 by Larry Thomas in Financial Reports, Industry
Bassett Furniture Inds. said profits fell 11.5% in the quarter ended Feb. 25 as its company-owned retail segment and Zenith Freight Lines subsidiary swung to operating losses.
March 29,
2017 by Larry Thomas in Business Strategy, Economic News, Financial Reports, Industry
Closing out what its CEO described as a "year of transformation and transition," Restoration Hardware (NYSE: RH) said profits plunged more than 71% in the fiscal fourth quarter, while revenues fell 9.3%.
March 16,
2017 by Larry Thomas in Financial Reports, Industry
Despite a 4.1% drop in comparable-brand revenue at its flagship Pottery Barn brand, retailer Williams-Sonoma (NYSE: WSM) said profits increased 2.5% to $144.6 million or $1.63 per share in the fourth fiscal quarter.