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From Home Furnishing Business

Private Equity Firm Gets Stake in Classic Brands

A&M Capital Opportunities, a private equity firm focused on middle-market companies, has taken an undisclosed stake in mattress producer Classic Brands.

Bassett Opens Two More Club Level Pavilions

Bassett Furniture Inds. (NASDAQ: BSET) has opened two more Club Level Pavilions at retail stores in Greenwood, Miss., and Waynesboro, Va.

Bob’s, Chicago Blackhawks Refurbish Portion of Girls Home

Bob’s Discount Furniture teamed with the NHL’s Chicago Blackhawks to refurbish the Common Room at Mercy Home’s Walsh Girls Campus, a home for girls who have suffered from abuse and neglect.

Stanley Cuts Q3 Loss as In-Stock Position Improves

Stanley Furniture (NASDAQ: STLY) cut its third-quarter net loss to $305,000 or 2 cents per share as sales fell 5.5% to $10.4 million.

Nova Lifestyle Profits Soar Following Sale of Factories

Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.

Nourison Nearing Completion of Solar Project at NJ Headquarters

Rug producer and importer Nourison is installing a network of solar panels on the roof of its Saddle Brook, N.J., corporate offices and warehouse that will soon be capable of producing at least 770,000 kilowatt hours of electricity annually.

HPU Senior Wins Peterson Scholarship for 2nd Time

High Point University student Lauren Sanchez, a senior majoring in sales with a concentration in furniture with a visual merchandising minor, has been awarded the Bill and Bonnie Peterson Endowed Scholarship for the second consecutive year.

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