October 12,
2016 by Jane Chero in Financial Reports, Industry 
Shares of Rent-A-Center (RCII) tumbled nearly 30% Tuesday after the rent-to-own powerhouse said it expects to report a 12% decline in same-store sales in its core RTO business for the third quarter.
October 12,
2016 by Jane Chero in Business Strategy, Industry
Ashley Furniture dedicated a new technology center in its hometown of Arcadia, Wis., this week, completing the first phase of renovations to a former community hospital and chapel.
October 12,
2016 by Jane Chero in Business Strategy, Industry
Full-line importer Abbyson Living has opened a company-exclusive upholstery factory in Shanghai that encompasses more than 3 million square feet and includes 20 assembly lines.
October 12,
2016 by Jane Chero in Financial Reports, Industry
Canadian online furniture retailer Cymax has cut numerous jobs in recent months following an auditor’s report that questioned the company’s “ability to continue as a going concern,” Bloomberg News reported.
October 12,
2016 by Jane Chero in Business Strategy, Industry
Italian mattress producer Magniflex has opened a warehouse in Los Angeles to better serve its rapidly-growing customer base on the West Coast.
October 11,
2016 by Jane Chero in Business Strategy, Industry
Norwalk Furniture is partnering with Company C, a producer of upholstery, pillows, rugs and top-of-bed products, for a collection of lifestyle products that bring together the design expertise of the two companies.
October 11,
2016 by Jane Chero in Executive Changes, Industry
Nova LifeStyle, (NVFY) the U.S.-based parent company of Diamond Sofa and several other lifestyle furniture brands, announced that CEO Ya Ming “Jeffrey” Wong had resigned as CEO to pursue other opportunities.