Adjustable bed producer Reverie has named Michael Westerman vice president of operations, a new position for the company.
The loss of Mattress Firm left a gaping hole in the top line at Tempur Sealy International (NYSE: TPX) as second-quarter sales tumbled 18% to $659.3 million.
Rent-A-Center (NASDAQ: RCII) said revenues fell nearly 10% to $677.6 million in the quarter ended June 30, and the struggling rent-to-own major recorded a net loss of $8.89 million or 17 cents per share.
As part of a regional expansion strategy, rug and home décor resource Surya is set to open seven year-round design showrooms across the country during the next 12 months.
Vertically integrated Ethan Allen (NYSE: ETH) reported lower sales and earnings in its fiscal fourth quarter and fiscal year ending June 30 as the company incurred higher costs from product launches and several other initiatives.
WithIt, the women’s leadership development network for the home and furnishings industries, has awarded 17 scholarships worth $30,000 – a record number of scholarships that were handed out in honor of the organization’s 20th anniversary.
The Business of Luxury Design (BOLD) Summit, a business conference for principal designers, has announced Pamela Babey, luxury design visionary and co-founder of Bamo, as the third and final winner of the BOLD Master Award.