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Despite Tough Q4, Big Lots Sees Sales, Profit Hikes for Year

Despite a difficult fourth quarter, discount retailer Big Lots (NYSE: BIG) said net income rose 7% for the fiscal year ended Jan. 28 as sales inched up 0.2%.

HHGregg to Close 88 Stores, 3 Distribution Centers

HHGregg, the struggling electronics, appliance and furniture retailer, said it will close 88 stores and three distribution centers as part of its turnaround effort.

Southern Sky Gets New High Point Showroom, Expands Sales Team

Southern Sky Home, a lifestyle home furnishings brand launched last fall by furniture industry executive Bill Grace, is gearing up for the April High Point Market with an expanded sales team and relocation to a larger showroom at Showplace 2312.

Rugs America to Launch Pet Rug Line

Area rug resource Rugs America is partnering with the Humane Society on a collection of rugs featuring images of popular dog and cat breeds.

Furniture Factory Orders, Shipments Up Double-Digits in December

Furniture factory orders and shipments in December posted double-digit increases over December 2015, boosting both figures into positive territory for the 2016 calendar year, according to the latest Furniture Insights survey from the accounting and consulting firm Smith Leonard.

Rent-A-Center Same-Store Sales Fall 11.5% in January

In its first monthly release of key operating metrics, Rent-A-Center (NASDAQ:RCII) said same-store sales fell 11.5% at its core U.S. stores in January, but rose 2.5% for its Acceptance Now business that provides rent-to-own financing for traditional retailers.

Zuo Modern Names First Sales Exec for Latin America

Lifestyle furniture resource Zuo Modern has named Hector “Diablo” Hernandez vice president of sales for Latin America, a new position for the company.

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