June 7,
2024 by HFBusiness Staff in Business Strategy, Industry 
Big Lots, Inc. reported a net loss of $205.0 million, or $6.99 per share, for the first quarter of fiscal 2024 ended May 4, 2024. This result includes a net after-tax loss of $72.7 million, or $2.48 per diluted share, associated with impairment charges, fees related to Project Springboard, and distribution center closure costs. Excluding this loss, the adjusted net loss in the first quarter of 2024 was $132.3 million, or $4.51 per diluted share (see non-GAAP table included later in this release). The adjusted net loss for the first quarter of fiscal 2023 was $98.7 million, or $3.40 per diluted share.
June 5,
2024 by HFBusiness Staff in Business Strategy, Industry
In its continuous efforts to innovate for retail success, Diamond Mattress added premium natural latex sleep products to its eco-friendly Ethos collection aimed at helping retailers differentiate and gain healthy margins.
June 5,
2024 by HFBusiness Staff in Business Strategy, Industry
RXO, provider of asset-light transportation solutions, was honored by the Merit Awards today for HR Technology Implementation for the rollout of a new vendor management system. The award highlights the company’s commitment to excellence, process automation and risk mitigation.
June 5,
2024 by HFBusiness Staff in Business Strategy, Industry
From sustainable design to configurable furniture to color, material and finish options that empower specifiers to be creative, NaughtOne will explore its focus on possibility at the Merchandise Mart during NeoCon from Monday, June 10 – Wednesday, June 12. Headlining the presentation will be the Morse Table System including a preview of the Morse Curved Modules, launching this summer.
June 5,
2024 by HFBusiness Staff in Business Strategy, Industry
Meridian Furniture, a fast-growing furniture brand serving retailers and designers with a vast, ever-changing product line of reasonably priced, high-style designs sourced globally, has expanded its sales force with five new representatives in key regions across the United States.
June 5,
2024 by HFBusiness Staff in Business Strategy, Industry
Didriks, home furnishings and kitchenware destination, is thrilled to announce Sayuri Maass to its Belmont location. A valued member of the Didriks team since 2015, Maass brings a wealth of retail experience and customer service expertise to her new role.
June 5,
2024 by HFBusiness Staff in Business Strategy, Industry
From Thursday onwards, Europeans in 27 countries go to the polls to decide the direction of the EU over the next five years. As a proud European company, IKEA has developed a list of policy asks for policymakers encompassing three core pillars: