February 3,
2017 by Larry Thomas in Financial Reports, Industry
Upholstery and case goods resource Flexsteel Inds. (NASDAQ: FLXS) said sales slid 5.5% to $118.5 million in the quarter ended Dec. 31 as retail demand weakened.
February 1,
2017 by Larry Thomas in Financial Reports, Industry
Online retailer Overstock.com (NASDAQ: OSTK) logged a profit of $3.1 million or 12 cents per share in the fourth quarter as revenues rose 9.6%.
February 1,
2017 by Larry Thomas in Financial Reports, Industry
Furniture factory orders in November were 8% ahead of the same month in 2015, marking the fourth straight monthly increase in new orders, according to the latest Furniture Insights survey from the accounting and consulting firm Smith Leonard.
January 31,
2017 by Larry Thomas in Financial Reports, Industry
Leggett & Platt (NYSE: LEG), a major supplier of furniture and bedding components and finished furniture, reported a double-digit increase in earnings in 2016 despite a 4.3% drop in sales.
January 31,
2017 by Larry Thomas in Financial Reports, Industry
Stanley Furniture (NASDAQ: STLY) appears to have headed off a proxy fight at its upcoming annual meeting by naming Stephen Hale II, who heads an investment fund that owns about 10.2% of the company’s stock, to the board of directors.
January 30,
2017 by Larry Thomas in Financial Reports, Industry
Furniture store sales edged up 1.3% in the third quarter, well below the increases for the first two quarters of 2016, according to data from Impact Consulting Services, parent company of Home Furnishings Business.
January 27,
2017 by Larry Thomas in Financial Reports, Industry
Struggling retailer HH Gregg (NYSE: HGG) said its net loss more than doubled in the quarter ended Dec. 31 as sales fell 23.7% to $452.8 million.