February 17,
2017 by Larry Thomas in Business Strategy, Industry
Retailer Furniture Row, which focuses on promotional to middle price points at its more than 330 locations in 31 states, will soon open a 170,000-square foot store in its hometown of Denver that specializes in upper-end goods.
February 16,
2017 by Larry Thomas in Business Strategy, Industry
Troubled furniture, appliance and electronics retailer HH Gregg (NYSE: HGG) said it has retained a financial adviser and investment banker “to pursue a range of potential strategic and financial transactions” as it seeks to reverse recent losses and improve liquidity.
February 15,
2017 by Jane Chero in Business Strategy, Designer Weekly, Industry
Ikea is creating a uniquely African line of goods in an effort to tap into the “creative explosion” happening across the continent right now.
February 15,
2017 by Larry Thomas in Business Strategy, Financial Reports, Industry
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.
February 15,
2017 by Larry Thomas in Business Strategy, Industry
Retailer Williams-Sonoma (NYSE:WSM) signed a franchise agreement with Korean furniture manufacturer Hyundai Livart Furniture Co. to operate retail stores and an e-commerce business in South Korea.
February 14,
2017 by Larry Thomas in Bedding, Business Strategy, Industry, Product
Serta Simmons Bedding, the nation’s biggest mattress producer, said it is making a multi-year investment of more than $100 million to expand production capacity and boost its marketing efforts.
February 13,
2017 by Larry Thomas in Business Strategy, Industry
Berk’s Furniture & Mattress in Hackettstown, N.J., and Dean Bosler’s Furniture and Mattress Showrooms in Evansville, Ind., are the newest members of the Furniture First national buying group.