March 13,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Fourth-quarter furniture and bedding sales were 2.6% ahead of the previous year's fourth quarter, continuing a slow, steady growth track, according to the latest research from Impact Consulting Services, parent company of Home Furnishings Business.
March 7,
2017 by Larry Thomas in Business Strategy, Financial Reports, Industry
Furniture, electronics and appliance retailer HHGregg (OTC: HGGG), which last week announced it is closing 88 stores and eliminating about 1,500 jobs, has filed for Chapter 11 bankruptcy protection.
March 7,
2017 by Larry Thomas in Financial Reports, Industry
Pier 1 Imports (NYSE: PIR) said fiscal fourth-quarter sales declined about 2.6%, and the retailer said it expects to have earnings per share of 31 cents to 33 cents.
March 3,
2017 by Larry Thomas in Financial Reports, Industry
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%.
March 2,
2017 by Larry Thomas in Financial Reports, Industry
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.
March 1,
2017 by Larry Thomas in Financial Reports, Industry
Upholstery and mattress fabric supplier Culp Inc. (NYSE: CFI) recorded a profit of $6.3 million or 51 cents per share in the quarter ended Jan. 31 as sales dipped 2.9%.
February 28,
2017 by Larry Thomas in Financial Reports, Industry
Struggling retailer HHGregg said the New York Stock Exchange suspended trading of its stock at the close of business Monday, and it expects the stock to be de-listed.