Corsicana Mattress, which has been operating under Chapter 11 bankruptcy protection since June, will close its factory in Olive Branch, Miss., in October as part of its restructuring effort.
Discount retailer Big Lots swung to a net loss of $84.2 million, or $2.91 per share, for the quarter ended July 30 as comparable-store sales tumbled 9.2 percent and gross margin shrunk amid heavy discounting.
Despite a 19.4 percent decline in net sales and a 22 percent decline in same-store sales, retailer Conn’s Inc. eked out a profit of $2.1 million or 9 cents per share in the quarter ended July 31.
Bedding manufacturer MLily USA is providing retail partners a complimentary social media guide designed to help users of any experience level enhance their social media presence and marketing efforts.
Four female presidents and CEOs from the home furnishings industry will headline the fall educational breakfast of WithIt, the women’s leadership development group.
High Point Market Authority announces the return of Hospitality at Market, featuring a lineup of educational and social programming for the hospitality design segment, during two days of the Fall Market, Oct. 23-24.
Emilie Arel, president and CEO of Casper Sleep, has been named to the board of Macy’s Inc., effective immediately.