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Flair/Minhas names Mark Price to New Sales, Marketing Post

Case goods and upholstery resource Flair/Minhas has named industry veteran Mark Price to the newly created position of executive vice president of sales and marketing.

HH Gregg Reports 24% Drop in Quarterly Sales

Struggling electronics, appliance and furniture retailer HH Gregg said sales in the quarter ended Dec. 31 tumbled an estimated 24% to $453 million.

Company Headed by Bob Sherman Buys 3 Restonic Factories

A new mattress company headed by former Serta CEO Bob Sherman has acquired three Restonic factories and become the brand’s largest licensee.

FastFact: Generation X in Midst of Prime Earning Years

The often-overlooked Generation X, which are people born between 1966 and 1981, are now in their prime earning years with household incomes frequently topping $70,000, according to data from the U.S. Census Bureau.

Havertys Reports 2.2% Increase in Q4 Sales

Atlanta-based retailer Havertys (NYSE: HVT) said fourth-quarter sales rose 2.2% to $220.6 million, while same-store sales were up 2.5%.

Lexington Home Brands Sold to Two Shanghai-Based Firms

Lexington Home Brands, which has been owned by the investment firm Sun Capital Partners for 15 years, has been sold to a Shanghai-based private equity firm and a Shanghai-based home furnishings retailer.

Bob’s To Open Two St. Louis Stores in February

Fast-growing Bob’s Discount Furniture is set to enter the St. Louis market with two stores that will open in February, according to the retailer’s website and a report in the St. Louis Business Journal.

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