January 10,
2017 by Larry Thomas in Executive Changes, Industry 
Rent-A-Center announced late yesterday that CEO Robert Davis has resigned, and said board Chairman Mark Speese, the company’s founder and former CEO, will be interim CEO until a permanent replacement is hired.
January 10,
2017 by Larry Thomas in Business Strategy, Industry
Retailer Huffman Koos is temporarily closing all eight of its stores in New York and New Jersey to undergo what the company describes as “massive renovations … including a complete overhaul of its product offering.”
January 10,
2017 by Larry Thomas in Business Strategy, Casegoods, Executive Changes, Industry, Product
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.
January 10,
2017 by Larry Thomas in Financial Reports, Industry
Struggling electronics, appliance and furniture retailer HH Gregg said sales in the quarter ended Dec. 31 tumbled an estimated 24% to $453 million.
January 9,
2017 by Larry Thomas in Business Strategy, Industry
A new mattress company headed by former Serta CEO Bob Sherman has acquired three Restonic factories and become the brand’s largest licensee.
January 9,
2017 by Larry Thomas in Economic News, Industry
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.
January 9,
2017 by Larry Thomas in Financial Reports, Industry
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%.