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From Home Furnishing Business

Big Lots Reports Double-Digit Profit Hike in Q4, Fiscal Year

Despite a slight decline in same-store sales in the fourth quarter, discount retailer Big Lots (NYSE: BIG) reported a double-digit increase in earnings for the quarter and the fiscal year that ended Feb. 3.

FastFact: GenX Household Income Easily Tops Boomers, Millennials

Generation X had an average household income of $95,168 in 2016, easily outdistancing Baby Boomers and Millennials, according to the annual Consumer Expenditure Survey from the Bureau of Labor Statistics.

Matt Firm Sales Fall 16% Amid Store Closings, Operational Changes

Sales at Mattress Firm fell 16% to $638 million in the quarter ended Dec. 31, parent company Steinhoff International reported this week, saying the mattress retailer’s business was disrupted by a raft of operational changes and competition from online mattress players.

December Factory Orders Drop 9%, But Remain Positive for 2017

Last year ended on a disappointing note for many furniture manufacturers, as December factory orders fell 9% from December 2016, according to the monthly Furniture Insights survey from the Smith Leonard accounting and consulting firm.

Culp Records 12.2% Sales Increase in Fiscal Q3

Stronger-than-expected sales of mattress and upholstery fabrics led to a 12% sales increase at Culp Inc. (NYSE: CULP) in the quarter ended Jan. 28.

Stanley Expects Larger Q4 Loss Due to Inventory Sale

Stanley Furniture (NASDAQ: STLY) said it expects to report a larger-than-expected net loss of $7.5 million in the fourth quarter due to additional losses on the sale of obsolete inventory.

Havertys Board Ok’s 20% Dividend Increase

Directors of Atlanta-based Havertys (NYSE: HVT) have increased the quarterly cash dividend on the company’s common stock to 18 cents per share.

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