October 27,
2017 by Larry Thomas in Economic News, Financial Reports, Industry 
Rent-to-own major Aaron’s Inc. (NYSE: AAN) said third-quarter revenues rose 9% to $838.9 million, but earnings fell 14% due to store closings and other disruptions in states hit by Hurricanes Harvey and Irma.
October 27,
2017 by Larry Thomas in Business Strategy, Industry
The first step in adopting new standards aimed at preventing furniture tip-over accidents should be announced by the Consumer Product Safety Commission in the next few weeks, the commission’s acting chairman told furniture executives.
October 27,
2017 by Larry Thomas in Economic News, Industry
Leggett & Platt (NYSE: LEG) said third-quarter sales rose 6.4%, but the increase was more than offset by rising steel costs, which sent profits down 11.7% to $82.6 million or 60 cents per share.
October 27,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
Furniture retailers are a fairly optimistic group, with 58% of them expecting an increase in furniture sales in 2018, according to a recent poll taken by financial services firm TD Bank.
October 26,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Store closings and production disruptions due to Hurricanes Harvey and Irma hurt the top and bottom lines at Ethan Allen (NYSE: ETH) in the quarter ended Sept. 30, as the vertically integrated company’s profits tumbled more than 35% to $7.42 million or 27 cents per share.
October 26,
2017 by Larry Thomas in Executive Changes, Industry
Mattress industry veteran Neil Zimmer has been promoted to senior vice president of Art Van PureSleep, the mattress division of Michigan-based retailer Art Van Furniture.
October 26,
2017 by Larry Thomas in Executive Changes, Industry
Online retailer Hayneedle, which sells indoor and outdoor home furnishings and décor, has named Scott Doughman as its new president.