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From Home Furnishing Business

Stanley Completes Asset Sale; Changes Name to HG Holdings

Stanley Furniture (NASDAQ: STLY) said it has completed the sale of substantially all of the company’s assets to an entity controlled by the chairman of the Vietnam Trade Alliance.

Palm Springs Rattan Gets New Name, New High Point Showroom

Casual furniture and accessories producer Palm Springs Rattan has been renamed Watermark Living and will move into a new High Point showroom in time for the April market.

Matt Firm Sales Fall 16% Amid Store Closings, Operational Changes

Sales at Mattress Firm fell 16% to $638 million in the quarter ended Dec. 31, parent company Steinhoff International reported this week, saying the mattress retailer’s business was disrupted by a raft of operational changes and competition from online mattress players.

Pamela Thomas Elected 2018 WithIt President

Pamela Thomas, supply chain director at Universal Furniture, has been elected 2018 president of WithIt, the women’s professional development network for the home furnishings industry.

Nourison to Launch Licensed Collection with Studio NYC Design

Rug and home accents manufacturer Nourison is set to launch a partnership with Manhattan-based Studio NYC Design to produce an affordable luxury collection of rugs, pillows and throws.

Norwalk, Color Marketing Group Set High Point Workshop

Upholstery producer Norwalk Furniture, in partnership with the Color Marketing Group, will host a “Color Zest” educational workshop at the upcoming Spring High Point Market.

Rent-A-Center Eliminates COO Post; Mussat Leaves Company

Rent-to-own major Rent-A-Center (NASDAQ: RCII) said Chief Operating Officer Joel Mussat has resigned, and his position has been eliminated as part of the company’s recent cost-cutting moves.

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