May 12,
2025 by Karen Parrish in Business Strategy, Industry 
Culp, Inc., a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, announced the completion of the sale of its mattress fabric manufacturing facility in Quebec, Canada. The transaction occurred in the first week of the Company’s new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. The purchase price for the facility was CA$8.6 million (USD$6.2 million), with CA$2.0 million (USD$1.4 million) received at closing and the balance to be paid with interest over the course of six to 12 months. The Company currently expects to realize approximately $3.0 to $3.5 million in cash proceeds net of all taxes and commissions, which it intends to use to reduce outstanding debt and enhance financial flexibility.
May 12,
2025 by Karen Parrish in Business Strategy, Industry
Paramount Sleep Company has hired two industry veterans that reveal its intention to grow its hospitality business and ensure its reputation for high quality. Steve Tipton heads up hospitality sales, and Rachael Cordoza leads the company’s quality program.
May 12,
2025 by Karen Parrish in Business Strategy, Industry
National Retail Federation President and CEO Matthew Shay said, “We applaud the U.S. and China for agreeing to a 90-day pause on the 125% reciprocal and retaliatory tariffs. We are encouraged by these constructive negotiations, which provide for a significant de-escalation in the current trade relationship."
May 12,
2025 by Karen Parrish in Business Strategy, Industry
Kirkland's, Inc., a specialty retailer of home décor and furnishings, today announced the closing of a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.
May 11,
2025 by Karen Parrish in Business Strategy, Industry
Green River Group’s US-based case goods furniture operation HH2 Home is relocating their distribution center from Louisville, Kentucky to Northwest Mississippi, expanding into a 500,000+ square-foot warehouse and distribution center formerly operated by Benchcraft.
May 11,
2025 by Karen Parrish in Business Strategy, Industry
XPO, a leading provider of freight transportation in North America, announced that it has been named a VETS Indexes 4 Star Employer for the third consecutive year. This award recognizes XPO’s extensive efforts to recruit veteran and military talent and build a workplace where they can establish fulfilling, long-term civilian careers.
May 11,
2025 by Karen Parrish in Business Strategy, Industry
Quality Furniture Company is going out of business after providing its customers with quality whole home furnishings for more than half a century. The family-owned and operated store has begun its final liquidation sale.