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From Home Furnishing Business

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.

Purple Becomes 1st Publicly-Traded DTC Mattress Producer

Direct-to-consumer mattress producer Purple has become a publicly-traded company following completion of its merger with Global Partner Acquisition Corp.

Vegas Market Reports 13% Attendance Increase

Organizers of the Las Vegas Market say the recently-concluded Winter Market was its busiest ever, setting a record for buyer attendance.

Ashley HomeStore Opens 800th Location

Ashley HomeStore’s newest store in Tijuana (Rio), Mexico, is the furniture retail chain’s 800th location worldwide.

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