February 22,
2018 by Larry Thomas in Economic News, Industry 
Still feeling the effects of the termination of its contract with Mattress Firm last year, mattress producer Tempur Sealy International (NYSE: TPX) reported a 15.9% decline in fourth-quarter sales and a 6% dip in profits.
February 22,
2018 by Larry Thomas in Business Strategy, Industry
Independent mattress manufacturer Southerland has formed a strategic alliance with vertically integrated IntelliBed to produce and distribute the company’s exclusive Gel Matrix bedding line.
February 22,
2018 by Larry Thomas in Business Strategy, Executive Changes, Industry
David Stunda, sales director for Barbarossa Leather, and Dada Patil, president of Catania Silks, have been elected to the board of directors of the International Textile Alliance, the textile industry trade association that hosts the Showtime fabric fair each June and December.
February 21,
2018 by Larry Thomas in Business Strategy, Executive Changes, Industry
Veteran Levin Furniture executive Chris Pelcher has been named executive vice president and general manager of the Levin Furniture and Wolf Furniture brands, which were acquired by Art Van Furniture last fall.
February 21,
2018 by Larry Thomas in Business Strategy, Economic News, Industry
Atlanta-based Havertys (NYSE: HVT) reported lower fourth-quarter sales and earnings, as sluggish store traffic hampered the top line and recent changes in federal tax laws hurt the bottom line.
February 21,
2018 by Larry Thomas in Economic News, Industry
La-Z-Boy (NYSE: LZB) said sales rose 6.1% to $413.6 million in the quarter ended Jan. 27, but earnings were nearly sliced in half by one-time charges stemming from recently-enacted changes in federal tax law.
February 21,
2018 by Larry Thomas in Economic News, Industry
A $77.5 million gain from the recently-enacted tax law helped struggling Rent-A-Center (NASDAQ: RCII) show a fourth-quarter profit of $34.8 million or 65 cents per share.