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From Home Furnishing Business

Tempur Sealy Adopts Rights Plan in Wake of Stock Slide

Bedding producer Tempur Sealy International (NYSE: TPX), whose stock price has been hammered since it announced last week it no longer would sell products to Mattress Firm, said its board of directors has approved a stockholder rights plan to protect the company against hostile takeover bids.

La-Z-Boy Recalls Lift Chairs Due to Faulty Power Supply

La-Z-Boy (NYSE:LZB) has recalled about 2,500 lift chairs due to a faulty power supply that could pose a shock hazard.

Mattress Veteran Scott Denton Named President of Dormeo

Bedding producer Dormeo N.A. has appointed mattress industry veteran Scott Denton as its new president.

Ikea Opens Largest North American Store in Burbank

Retail powerhouse Ikea has opened its newest and largest store in North America -- a 456,000-square-foot behemoth in Burbank, Calif.

Report: Former Sleepy’s Exec Claims He Was Bilked by Ponzi Scheme

Former Sleepy’s executive Adam Blank claims he lost more than $1.5 million in a Ponzi scheme involving tickets for the hit Broadway show “Hamilton” and other popular events, according to a story in USA Today.

Ashburn, Tatum Get Key Posts at Heritage Sleep

Heritage Sleep Concepts, the Southeastern licensee for mattress brands Eclipse International and Eastman House, has added industry veteran and its Executive Vice President of Sales Bob Ashburn to its board of directors.

Report: Walker Furniture Plans 100,000-Square-Foot Store in Vegas

Retailer Walker Furniture is planning to open a 100,000 square-foot store in southwest Las Vegas next year that is part of a sprawling development that will include other retail space, restaurants and a hotel, according to a story in the Las Vegas Review-Journal.

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