Daily News
From Home Furnishing Business
November 14,
2017 by Larry Thomas in Business Strategy, Economic News, Financial Reports, Industry 
Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.
November 14,
2017 by Larry Thomas in Business Strategy, Designer Weekly, Green, Industry
Rug producer and importer Nourison is installing a network of solar panels on the roof of its Saddle Brook, N.J., corporate offices and warehouse that will soon be capable of producing at least 770,000 kilowatt hours of electricity annually.
November 13,
2017 by Larry Thomas in Business Strategy, Industry
Adjustable bed supplier Customatic has invested $1 million to upgrade its customer service functions by providing 24/7 access to trained service technicians.
November 10,
2017 by Larry Thomas in Business Strategy, Industry
Tipperary Sales, a La-Z-Boy licensee that operates eight La-Z-Boy Furniture Galleries stores in the Southeast, will open a new distribution center in York County, South Carolina early next year.
November 10,
2017 by Larry Thomas in Business Strategy, Industry
Boosting its efforts to preserve the history of the home furnishings industry, the American Home Furnishings Hall of Fame Foundation has launched the Heritage Project, which will feature interviews with workers who have played significant roles in the industry.
November 9,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
Rent-A-Center (NASDAQ: RCII) has denied Vintage Capital’s request for a 30-day exclusivity period to complete due diligence on the private equity firm’s $13-per-share buyout offer, but stopped short of rejecting the offer itself.
November 8,
2017 by Jane Chero in Business Strategy, Designer Weekly, Industry
Last week, San Francisco-based home shopping marketplace Trulia announced the addition of the Trulia Design Panel. The expert group of interior designers, home stagers and organizers will provide useful design insights and home décor advice to buyers and renters.