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From Home Furnishing Business

Select Comfort Swings to Q2 Loss Following Inventory Hiccup

Select ComfortSelect Comfort (NASDAQ: SCSS), maker of the Sleep Number airbed, swung to a net loss in the second quarter after an inventory shortage forced the company to delay some deliveries until after the quarter ended.

Ethan Allen Projects Lower Sales, Earnings for Fiscal Year

Ethan Allen LogoEthan Allen (NYSE: ETH) said it expects to report lower sales and earnings per share for the fiscal year that ended June 30, as operating costs rose due to heavy advertising spending and other initiatives.

Hodnett Gets PR, Communications Post at IMC

Cindy HodnettCindy Hodnett, a former writer and editor at Furniture/Today and sister publication Designers Today, has been named director of public relations and communications for International Market Centers.

Kennedy Named Chief Operating Officer at Kane’s

Dane KennedyRetailer Kane’s Furniture has named veteran retail and manufacturing executive Daniel Kennedy as chief operating officer.

Sarreid Sets Las Vegas Market Debut

Sarreid LTD LogoSarreid Ltd., a resource for accent and occasional furniture, upholstery and accessories, will make its Las Vegas Market debut later this month as part of a 16,000-square-foot showroom operated by MDBG, a company that represents more than 20 upper-end furniture and accessories lines.

XPO Logistics Sets Secondary Stock Offering

XPO Logistics LogoXPO Logistics (NYSE: XPO), a major provider of freight forwarding, last-mile delivery services, trucking, and related logistics services, said it will issue more than 11 million new shares of common stock in a secondary public offering.

FastFact: Multi-Family Housing Drop Hurts Home Construction Numbers

A double-digit decline in multi-family housing construction dragged down new home construction numbers in 2016, according to data from the National Association of Realtors.

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