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From Home Furnishing Business

Art Van to Officially Open 5 Stores in St. Louis Market

Art Van Furniture’s largest franchisee will officially open five stores in the St. Louis market on Friday with ribbon-cutting ceremonies at each location.

Zuo Remodels Miami Showroom; Showcases New Décor Division

Lifestyle furniture and décor resource Zuo has overhauled its Miami showroom, highlighting its new Zuo Décor division and adding a series of vignettes for its indoor and outdoor furniture collections.

Leggett & Platt Records 8.9% Sales Increase in Q4

Leggett & Platt (NYSE: LEG) said fourth-quarter sales rose 8.9% to $984.5 million, but profits tumbled 56% due largely to one-time charges related to recently-enacted changes in corporate tax rates.

Rent-A-Center, Activist Shareholder Avoid Proxy Fight

Rent-to-own operator Rent-A-Center (NASDAQ: RCII) said it has entered into a “cooperation agreement” with activist shareholder Engaged Capital and will support the shareholder’s nominee for a seat on the board of directors at the 2018 annual meeting.

Castelle Unveils Online Custom Draping Tool

High-end casual furniture producer Castelle has launched a custom draping tool that allows consumers and dealers to customize pieces from its line in virtual and printed formats.

Williams-Sonoma Names New Chief Technology Officer

Retailer Williams-Sonoma (NYSE: WSM) said it has hired former Macy’s and Wal-Mart executive Yasir Anwar as chief technology officer.

FastFact: Furniture, Bedding Sales Climb 6.3% in Q4

A robust December powered fourth-quarter furniture and bedding sales to a 6.3% gain over the final quarter of 2016, according to the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.

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