Households in the top 20 percent of household income spend nearly 45 percent of disposable income on home furnishings and related equipment, according to data from the Bureau of Labor Statistics.
Atlanta-based Havertys (NYSE: HVT) said it had a disappointing fourth quarter, with net sales falling 2.6% and comparable-store sales down 3.5%.
Karen McNeill, CEO of the American Home Furnishings Hall of Fame, has been named 2018 winner of the WithIt Legacy Award, the highest award bestowed by WithIt, the professional development group for women in the home and furnishings industries.
Representatives from 25 countries were on hand for Spring Air’s 8th annual Global Summit Conference recently in Taipei, Taiwan, where they received reports on the mattress producer’s success in 2017 and its plans for the new year.
Texas-based Rest Right Mattress has become the second online mattress retailer to begin accepting payments with Bitcoin, the popular cryptocurrency.
An early-morning fire caused extensive damage to the American Furniture Mfg. plant in Ecru, Miss., but no injuries were reported.
Mattress producer King Koil, which has been a licensing organization for much of its 120-year history, is transforming to a manufacturing business model and plans to produce and sell its own products through a dedicated corporate sales force.