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From Home Furnishing Business

Reverie Promotes Wanat to Top Sales Post; Restructures Sales Team

Adjustable bed producer Reverie has promoted John Wanat to vice president of sales for its wholesale division.

FastFact: Televisions, Computers Join Furniture in Price Decline Parade

Furniture isn't the only sector of the durable goods category that has seen price erosion in recent years, according to data from the Bureau of Labor Statistics. Televisions and personal computers, in fact, have recorded steeper price declines than furniture since 2010, even though the cost of using those devices has gone up.

Conn's Signs Deal with New Provider for RTO Payment Option

Retailer Conn's Inc. (NYSE: CONN) said it has signed a three-year agreement with Progressive Leasing, a subsidiary of Aaron's Inc. (NYSE: AAN), that will offer lease-to-own payment options for customers who don't qualify for Conn's traditional credit program.

Restonic Adds Mobile-Friendly Features to Retailer Website

Bedding producer Restonic has overhauled its retailer toolbox, BrandCentral.com, to make it easier to navigate from mobile devices and deliver what the company calls "an Amazon-esque, mobile responsive digital shopping experience."

Natuzzi Slashes Loss in 2016 Despite 6.4% Sales Drop

Leather upholstery major Natuzzi (NYSE: NTZ) said worldwide sales fell 6.4% in the 2016 calendar year, but the company slashed its net loss by more than half due to operational improvements that boosted gross margins.

Fabric Suppliers Robert Allen, Duralee Announce Merger

Fabric suppliers Robert Allen and Duralee announced Friday they have merged and formed a new company called Robert Allen Duralee Group.

Furniture Factory Orders Flat in January; Shipments Up 2%

smith leonardFurniture factory orders in January were essentially even with January 2016, but shipments for the first month of 2017 were up 2%, according to the latest monthly survey from the accounting and consulting firm Smith Leonard.

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