Despite the strong performance of its Progressive Finance business, lease-to-own major Aaron’s Inc. (NYSE: AAN) said fourth-quarter revenues slipped 3.2% to $795 million and profits were essentially even with the previous year’s fourth quarter.
Stanley Furniture (NASDAQ: STLY) said it has been notified by the NASDAQ Stock Market that is shares could be de-listed because the price has been below $1 per share for more than 30 consecutive business days.
Bedding major Tempur Sealy International (NYSE: TPX) recorded a fourth-quarter profit of $63.4 million or $1.12 per share as sales crept up 0.3%.
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.
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%.
Bedding manufacturer and retailer Select Comfort (NASDAQ: SCSS) reported a fourth-quarter profit of $11.3 million or 25 cents per share, reversing a net loss from a disastrous fourth quarter in the prior year, when a new enterprise resource planning system led to lost sales and canceled orders.
Retailer HH Gregg (NYSE: HHG) said it has been notified by the New York Stock Exchange that it could be de-listed because it no longer meets certain NYSE listing requirements.