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From Home Furnishing Business

Overstock completes $15 million investment in blockchain technology provider

Leading e-tailer Ovestock.com said it has completed the second tranche of its planned $15 million investment in tZero Group, a blockchain technology provider, after its initial funding announced in February of this year.

Ikea Going Small on the West Coast with Two Design Studios

Retail giant Ikea, which is known for its enormous stores, is set to open two relatively small “planning studios” in the Los Angeles area this week that will enable consumers to work with designers on larger home projects such as kitchens, bathrooms and bedrooms.

Report: Possible Labor Problems, Canceled Sailings, Lead to Continued Port Congestion

Fears of a strike by West Coat dock workers has led to recent congestion at East Coast ports, which has triggered cancelation of some sailings by ocean freight carriers, CNBC reported.

Flexsteel Acknowledges Buyout Offer from Owner of Z Gallerie, DirectBuy

Upholstery and case good major Flexsteel Inds. confirmed that it had received a buyout offer of $20.80 per share from CSC Generation Holdings, the owner of Z Gallerie, DirectBuy, One Kings Lane, and several other brands.

Strong Comps Drive Q2 Revenue, Earnings Growth at Williams-Sonoma

Paced by 21.5 percent comparable-brand growth from its Pottery Barn chain, retailer Williams-Sonoma said revenues for the quarter ended July 31 rose nearly 10 percent to $2.14 billion.

Furniture Row to Break Ground for Sixth Store in Denver Metro Area

Furniture Row will break ground next week on its newest Furniture Row and Denver Mattress store in Littleton, Colo.

XPO Logistics Names Jeff Firestone to Head Legal Team of RXO Spin-off

XPO Logistics announced that Jeff Firestone will become chief legal officer of RXO, the planned spin-off of XPO’s brokered transportation platform.

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