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From Home Furnishing Business

Slower Revenue Growth, Higher Expenses Send Overstock to Q2 Loss

E-commerce heavyweight Overstock.com (NYSE: OSTK) said second-quarter revenue rose 3.2%, but the company’s net loss widened to $7.5 million or 29 cents per share due to slower-than-expected revenue growth and higher sales and marketing expenses.

RH Recalls Bedroom, Occasional Pieces Due to Injury Risk

Restoration Hardware (NYSE: RH) has recalled its Smythson Shagreen Collection of bedroom and occasional furniture because the metal trim on the furniture can detach from the edges and create sharp points.

Report: Florida Furniture Store Owners Face Fraud, Money Laundering Charges

The owners of Daytona Beach, Fla.-based Haynes Brothers Furniture face federal fraud and money laundering charges after being accused of fraudulently reselling toner cartridges, according to a story in the Daytona Beach News-Journal.

Five Win IFDA Educational Foundation Grants

An interior designer, a preservation specialist, two design educators and one student designer have been awarded grants from the Educational Foundation of the International Furnishings and Design Association.

Rent-A-Center to Raise Money for Food Bank Network

Rent-to-own powerhouse Rent-A-Center (NASDAQ: RCII) is partnering with the largest domestic hunger-relief organization, Feeding America, to raise $150,000 during September, which has been designated as Hunger Action Relief month.

Last Mile Delivery Helps XPO Record Double-Digit Q2 Profit Hike

Powered by its last mile delivery and contract logistics businesses, XPO Logistics (NYSE: XPO) said second-quarter profits jumped more than 11% as revenues edged up 2% to $3.76 billion.

11 Named to ARTS Awards Nomination Panel

Dallas Market Center and ART, the creative home furnishings network, have named members of the 29th Annual ARTS Awards Nomination Panel, a group of independent industry professionals who evaluate the hundreds of nomination entries submitted online.

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