A variety of restructuring costs, as well as expenses stemming from the launch of RH Modern, erased much of Restoration Hardware’s fourth-quarter profit, according to preliminary financial results released by the lifestyle retailer.
Struggling retailer HH Gregg (NASDAQ: HHG) is preparing to file for Chapter 11 bankruptcy protection – possibly as soon as next month, according to a report from Bloomberg News.
E-commerce powerhouse Wayfair Inc. (NYSE: W) said fourth-quarter revenue leaped 33.1% to $984.6 million, but the retailer’s net loss more than doubled to $44 million.
Stanley Furniture (NASDAQ: STLY) reported a fourth-quarter net loss of $301,000 or 2 cents per share as the company continued to experience delays receiving product from a key factory in Vietnam.
La-Z-Boy (NYSE: LZB) said sales edged up 1.6% to $390 million in the quarter ended Jan. 28, but profits jumped more than 6% due largely to improved operating margins in its wholesale upholstery business.
Atlanta-based retailer Havertys (NYSE: HVT) ended 2016 on a high note, recording a 19.2% jump in fourth-quarter net income on 2.2% sales increase.
Paced by its last-mile delivery and contract logistics businesses, XPO Logistics (NYSE: XPO) recorded a fourth-quarter profit of $27.3 million or 22 cents per share as revenue rose 10%.