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From Home Furnishing Business

Report: Kane’s Settles Class Action Suit Over Bonded Leather

Tampa, Fla.-based Kane’s Furniture has settled a class-action lawsuit involving customers who claimed the retailer failed to honor their warranty when their bonded leather upholstery peeled and cracked, according to a story in the Tampa Bay Times.

Williams-Sonoma Signs Deal with Korean Furniture Producer

Retailer Williams-Sonoma (NYSE:WSM) signed a franchise agreement with Korean furniture manufacturer Hyundai Livart Furniture Co. to operate retail stores and an e-commerce business in South Korea.

Serta Simmons Commits $100M to Boost Production, Marketing

Serta Simmons Bedding, the nation’s biggest mattress producer, said it is making a multi-year investment of more than $100 million to expand production capacity and boost its marketing efforts.

Rent-A-Center Records Q4 Loss as Revenues Tumble 13.8%

Rent-A-Center (NASDAQ: RCII), the struggling rent-to-own operator, reported a pre-tax loss of $170.9 million in the fourth quarter as revenues tumbled 13.8%.

Vegas Poker Fund-Raiser Nets $110K for Autism Charities

The ninth annual Ante4autism event, a poker tournament held during the Las Vegas Winter Market, raised $110,931 for five autism charities, organizers said.

FastFact: Jobless Rate Low, but Consumer Confidence Stagnant in Q3

Unemployment remained low, but stagnant consumer confidence levels may help explain sluggish home furnishings sales in the third quarter.

Restoration Hardware Recalls Metal Top Dining Tables

Restoration Hardware (NYSE: RH) has recalled about 2,700 metal top dining tables from its Railroad Tie and Parson's Railroad collections because the tops may contain lead, which can be harmful to children.

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