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From Home Furnishing Business

La-Z-Boy Licensee to Open $8M Distribution Center in S.C.

Tipperary Sales, a La-Z-Boy licensee that operates eight La-Z-Boy Furniture Galleries stores in the Southeast, will open a new distribution center in York County, South Carolina early next year.

Hall of Fame Launches Industry History Project

Boosting its efforts to preserve the history of the home furnishings industry, the American Home Furnishings Hall of Fame Foundation has launched the Heritage Project, which will feature interviews with workers who have played significant roles in the industry.

Ashley Furniture HomeStore Opens Second Costa Rica Location

Ashley Furniture HomeStore has opened its second store in Costa Rica, an 18,000 square-foot facility in San Francisco de Heredia.

Aaron’s Directors Approve 10% Dividend Increase

Directors of Aaron’s Inc. (NYSE: AAN) have boosted the quarterly dividend to 30 cents per share, a 10% increase over the previous dividend of 27.5 cents per share.

Overstock Cuts Q3 Loss as Revenues Fall 4%

E-commerce player Overstock.com (NASDAQ: OSTK) said third-quarter revenues slipped 4% to $424 million, but the company slashed its net loss to $786,000 or 3 cents per share.

Rent-A-Center Rebuffs Vintage Capital, Seeks Other Offers

Rent-A-Center (NASDAQ: RCII) has denied Vintage Capital’s request for a 30-day exclusivity period to complete due diligence on the private equity firm’s $13-per-share buyout offer, but stopped short of rejecting the offer itself.

Maricich Gets AHFA Distinguished Service Award

Robert Maricich, CEO of International Market Centers, has received the 2017 Distinguished Service Award from the American Home Furnishings Alliance, the organization’s highest honor.

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