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From Home Furnishing Business

Q4 Profits Tumble at RH as Revenues Drop 9.3%

Closing out what its CEO described as a "year of transformation and transition," Restoration Hardware (NYSE: RH) said profits plunged more than 71% in the fiscal fourth quarter, while revenues fell 9.3%.

Diakon Logistics Adds Kerns to Management Team

Michael Kerns has been named director of safety and risk management at last-mile delivery provider Diakon Logistics.

SFC Sustainability Training Set for May 25 in NYC

The Sustainable Furnishings Council will conduct a seminar for its updated sustainability certification program on May 25 at the Parsons School of Design in New York City.

Storis Ranked as Leader by IT Advisory Firm

Retail management software provider Storis has been ranked as a Leader in the 2017 Retail Technology FrontRunners Analysis by Gartner, Inc., a major information technology research and advisory company.

Supreme Court Refuses to Reinstate Settlement of Swipe Fee Suit

The Supreme Court has refused to hear a challenge to an appeals court ruling that struck down the proposed settlement of a 12-year-old class action suit involving credit card swipe fees.

Rent-A-Center Adopts Shareholder Rights Plan

Rent-A-Center (NASDAQ: RCII), which is facing a proxy fight from the hedge fund Engaged Capital, has adopted a shareholder rights plan that will make it more difficult for the fund, or any other large shareholder, to gain controlling interest without the consent of the board of directors.

Tempur-Pedic Inks Licensing Deal for Top-of-Bed Products

American Textile Co., a Pennsylvania-based producer of top-of-bed products, has signed a licensing agreement with Tempur Sealy International to develop and distribute sleep accessories under the Tempur-Pedic brand.

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