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.
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%.
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.
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.
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.
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.
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.