Furniture supplier La-Z-Boy (NYSE: LZB) has agreed to sell its Bauhaus upholstery unit to an investor group.
U.S. retail sales dropped 0.4 percent in January, according to the U.S. Department of Commerce.
Another key executive from Heritage Home Group has left the company.
Julia Chappell has assumed marketing leadership duties for the Chicago Merchandise Mart's Casual Furniture and Accessories Market, premarket and day-to-day marketing duties for the industry's permanent showrooms.
Import volume at major U.S. retail container ports is expected to drop 8.4 percent in February from the same time last year as the shipping cycle reaches its slowest month of the year, according to the monthly Global Port Tracker from the National Retail Federation and Hackett Associates.
Paula Deen Ventures, a newly formed company, is getting a cash infusion of between $75 million and $100 million from Najafi Cos., a private-equity company owned by the owner of BMG Music Service and the Book-of-the-Month Club.
Office supplies retailer Staples and the Professional Golf Association have each committed to making donations to the City of Hope, and it's easy to participate.