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From Home Furnishing Business

FastFact: Top 20% Pay Most Taxes, Have Highest Disposable Income

The top 20 percent of U.S. households make more than half of all income and pay 78.5 percent of all taxes, according to the latest Consumer Expenditure Survey from the Bureau of Labor Statistics.

City Furniture Opens Miami Store in Trendy Design District 

Florida retailer City Furniture has opened a store on the edge of Miami’s trendy Design District that features a wide selection of modern furniture and includes the company’s first-ever wine bar.

Li & Fung Sells Furniture Holdings to Private Equity Firm

Li & Fung, the Hong Kong-based supply chain giant, said it is selling its furniture businesses as part of a $1.1 billion deal with Chinese private equity firm Hony Capital.

Classic Brands Names Brian O’Neill to Sales Post

Specialty bedding producer Classic Brands has named mattress industry veteran Brian O’Neill as vice president of sales.

Presenters Named for Arts Awards Gala in Dallas

Dallas Market Center and ART, the creative home furnishings network, have unveiled the 18 awards presenters for 29th annual Arts Awards gala, which takes place next month during the Dallas Total Home & Gift Market.

Hall of Fame Opens Nominations for 2018 Inductees

The American Home Furnishings Hall of Fame is now accepting nominations for its 2018 induction class.

Steinhoff Interim CEO Quits Amid Accounting Scandal

Mattress Firm parent Steinhoff International (FRANKFURT: SNH) said its chairman and interim CEO, Christo Wiese, has resigned from the supervisory board to avoid a possible conflict of interest in the wake of an accounting scandal that already has caused the resignation of CEO Markus Jooste.

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