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David Stewart Named to Key Sales Post at BDI

Contemporary furniture resource BDI has named veteran sales executive David Stewart as vice president of sales.

Consumer Credit Woes, Same-Store Sales Drop Lead to $11.9M Loss at Conn’s

Continuing problems in its consumer credit business and a decline in same-store sales caused retailer Conn’s Inc. (CONN) to swing to a net loss of $11.9 million or 39 cents per share in the quarter ended July 31.

La-Z-Boy Marks Opening of 100th New Concept Retail Store

La-Z-Boy (LZB) has opened its 100th new concept retail store in Prescott Valley, Ariz., part of a major effort to update and expand its network of La-Z-Boy Furniture Galleries stores.

Matt Firm Sales Jump 48%, But Interest, Acquisition Costs Lead to Net Loss

Mattress Firm (MFRM) said sales shot up more than 48% to $980 million in the quarter ended Aug. 2, but the specialty bedding retailer recorded a net loss of $2.2 million due to heavy interest expenses and costs related to its recent spate of acquisitions.

Pier 1 CEO to Resign; Retailer Forecasts Lower Q2 Sales

Retailer Pier 1 (PIR) Imports said its board of directors has “mutually agreed” with President and CEO Alex Smith that he will resign effective Dec. 31.

Acquisition Fuels Sales, Profit Growth at Hooker Furniture

Driven by its recently completed acquisition of Home Meridian, Hooker Furniture (HOFT) said sales more than doubled to $136.2 million in the quarter ended July 31.

Kingsdown Adds Three Branded Mattress Stores in China

Mattress supplier Kingsdown, Inc. has opened three additional stores in China, boosting its footprint in the country to 39 stores in 31 cities.

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