E-commerce powerhouse Wayfair (NYSE: W) said revenues shot up 28.6% to $960.8 million in the first quarter, but the retailer’s net loss widened to $56.5 million.
Tennis icon Serena Williams has been hired by Tempur-Pedic as a spokeswoman for the latest installment of the mattress brand’s “Tempur-Pedic is Power” campaign.
Russell Batson, a former executive with the American Home Furnishings Alliance, has been named associate director of the Polyurethane Foam Assn.
Rent-to-own major Rent-A-Center (NASDAQ: RCII) has awarded $60,000 in scholarships to high school and undergraduate students across the country as part of its Make-A-Difference Scholarship Program.
Las Vegas Market announced that a lineup of trend forecasters and thought-leaders will present information-rich and industry-relevant content at the Summer Market, which takes place July 30-August 3.
The mattress industry continued its slow growth pattern in the first quarter, as sales were 2.4% ahead of the first quarter of last year, according to data compiled by Impact Consulting Services, parent company of Home Furnishings Business.
Big Sandy Superstores plans to open two additional locations in central Ohio later this year, boosting the retailer’s presence in the Columbus, Ohio area.