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.
Struggling electronics, appliance and furniture retailer HH Gregg said sales in the quarter ended Dec. 31 tumbled an estimated 24% to $453 million.
A new mattress company headed by former Serta CEO Bob Sherman has acquired three Restonic factories and become the brand’s largest licensee.
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.
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, 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.
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.