February 16,
2017 by Larry Thomas in Business Strategy, Industry 
Troubled furniture, appliance and electronics retailer HH Gregg (NYSE: HGG) said it has retained a financial adviser and investment banker “to pursue a range of potential strategic and financial transactions” as it seeks to reverse recent losses and improve liquidity.
February 15,
2017 by Larry Thomas in Business Strategy, Financial Reports, Industry
An investment firm with a 12.9% stake in struggling Rent-A-Center (NASDAQ: RCII) is urging its board of directors to sell the company, and threatened to launch a proxy fight at this year’s annual meeting if the board doesn’t act quickly.
February 15,
2017 by Larry Thomas in Leather Upholstery, Product
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.
February 15,
2017 by Larry Thomas in Business Strategy, Industry
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.
February 14,
2017 by Larry Thomas in Bedding, Business Strategy, Industry, Product
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.
February 14,
2017 by Larry Thomas in Financial Reports, Industry
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%.
February 14,
2017 by Larry Thomas in Community / Charitable Support, Industry, Las Vegas, Market, Special Events
The ninth annual Ante4autism event, a poker tournament held during the Las Vegas Winter Market, raised $110,931 for five autism charities, organizers said.