Daily News
From Home Furnishing Business
October 27,
2016 by Larry Thomas in Financial Reports, Industry 
Hampered by repeated outages of its new point-of-sale system, Rent-A-Center (RCII) said third-quarter revenues fell 12.3% to $693.9 million, including a 12% decline in same-store sales in its U.S. rent-to-own stores.
October 27,
2016 by Larry Thomas in Bedding, Financial Reports, Industry, Mattresses, Product
Bedding major Tempur Sealy International (TPX) said third-quarter sales fell 5.4% to $832.4 million, but net income nearly doubled as gross margin improved and other costs were reduced.
October 27,
2016 by Larry Thomas in Business Strategy, Industry, Retail Technology
Retail software provider Storis has launched a program that offers incentives for clients who take part in beta testing of upcoming Storis releases.
October 26,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry
Stanley Furniture (STLY) said third-quarter sales tumbled 19.8% as the company continued to experience production delays with a factory in Vietnam that is making its recently introduced products.
October 26,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry, Store Openings
Ethan Allen (ETH) said sales in its first fiscal quarter rose 1.5%, but profits fell 12% due to increased marketing expenses, new retail store openings and costs associated with the launch of its Ethan Allen/Disney line.
October 26,
2016 by Larry Thomas in Display, High Point, Industry, Market, Special Events
Universal Furniture welcomed more than 30 students from the University of North Carolina at Greensboro to its High Point showroom last week as the culmination of a contest for interior architecture students to create a winning design for Universal’s corporate headquarters renovation.
October 26,
2016 by Larry Thomas in Business Strategy, Industry
Nova LifeStyle (NVFY), parent company of Diamond Sofa and several other lifestyle brands, said it has completed the previously-announced sale of its manufacturing operations in China to Kuka Design Ltd.