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From Home Furnishing Business

FastFact: Bedding Sales Climb 2.3% in Second Quarter

The bedding industry managed a 2.3% sales gain in the second quarter, according to new data from Impact Consulting Services, parent company of Home Furnishings Business.

Man Wah Buys 50% Stake in European Upholstery Producer

Man Wah Holdings, a Chinese upholstery and mattress producer, has acquired a 50% stake in European upholstery producer Home Group and its Fleming brand.

Badgley Mischka Founders to Keynote WithIt High Point Breakfast

Mark Badgley and James Mischka, founders of iconic fashion label Badgley Mischka, will be featured speakers at WithIt’s biannual High Point Market Educational Breakfast presented by Myriad Software.

Ron Wanek Gets Philanthropy Award from Speakers’ Group

Ron Wanek, founder and chairman of Ashley Furniture Inds., has received the Nido R. Qubein Philanthropist of the Year Award from the National Speakers Assn.

Pleasant Mattress Adds Apps for Real-Time Data Access

Independent mattress manufacturer Pleasant Mattress is implementing new technology to enhance its retail customers’ experience by streamlining order processing and tracking delivery of those orders in real time.

Slower Revenue Growth, Higher Expenses Send Overstock to Q2 Loss

E-commerce heavyweight Overstock.com (NYSE: OSTK) said second-quarter revenue rose 3.2%, but the company’s net loss widened to $7.5 million or 29 cents per share due to slower-than-expected revenue growth and higher sales and marketing expenses.

RH Recalls Bedroom, Occasional Pieces Due to Injury Risk

Restoration Hardware (NYSE: RH) has recalled its Smythson Shagreen Collection of bedroom and occasional furniture because the metal trim on the furniture can detach from the edges and create sharp points.

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