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From Home Furnishing Business

FastFact: Millennials Want to be Courted by Brands, Loyalty Programs

Although Millennials clearly are the digital generation, a recent survey by Forbes magazine shows they don’t want to completely abandon traditional ways of shopping.

Benton Named Group President of South Asia Furniture Manufacturing

South Asia Furniture Manufacturing, parent company of South Sea Rattan and Fairfax case goods, has named industry veteran Bill Benton as group president.

Florida Rep Group Honors Babette’s Furniture

The Florida Home Furnishings Representatives Assn. recently honored Babette’s Furniture in Leesburg, Fla., with their 2016 Retailer of the Year Award.

RH Revenues Jump 7.2% as Retailer Begins Resolving Shipping Woes

Restoration Hardware (RH), whose top-line growth had been hampered by product shipping delays in its new RH Modern line, said revenues rose 7.2% in the quarter ended July 30 as the retailer was able to resume shipping a bit earlier than expected.

David Stewart Named to Key Sales Post at BDI

Contemporary furniture resource BDI has named veteran sales executive David Stewart as vice president of sales.

Consumer Credit Woes, Same-Store Sales Drop Lead to $11.9M Loss at Conn’s

Continuing problems in its consumer credit business and a decline in same-store sales caused retailer Conn’s Inc. (CONN) to swing to a net loss of $11.9 million or 39 cents per share in the quarter ended July 31.

Matt Firm Sales Jump 48%, But Interest, Acquisition Costs Lead to Net Loss

Mattress Firm (MFRM) said sales shot up more than 48% to $980 million in the quarter ended Aug. 2, but the specialty bedding retailer recorded a net loss of $2.2 million due to heavy interest expenses and costs related to its recent spate of acquisitions.

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