July 28,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
Mattress producer Purple, one of several fast-growing companies in the bed-in-a-box segment, may soon become a public company.
July 28,
2017 by Larry Thomas in Economic News, Industry
Leggett & Platt (NYSE: LEG), a major supplier of furniture and bedding components and finished furniture, said second-quarter sales rose 3.2% to $989.3 million, but profits tumbled nearly 28% due to higher raw materials costs.
July 28,
2017 by Larry Thomas in Executive Changes, Industry
Adjustable bed producer Reverie has named Michael Westerman vice president of operations, a new position for the company.
July 27,
2017 by Larry Thomas in Economic News, Industry
The loss of Mattress Firm left a gaping hole in the top line at Tempur Sealy International (NYSE: TPX) as second-quarter sales tumbled 18% to $659.3 million.
July 27,
2017 by Larry Thomas in Economic News, Industry
Rent-A-Center (NASDAQ: RCII) said revenues fell nearly 10% to $677.6 million in the quarter ended June 30, and the struggling rent-to-own major recorded a net loss of $8.89 million or 17 cents per share.
July 27,
2017 by Larry Thomas in Business Strategy, Industry, Store Openings
As part of a regional expansion strategy, rug and home décor resource Surya is set to open seven year-round design showrooms across the country during the next 12 months.
July 27,
2017 by Larry Thomas in Economic News, Industry
Vertically integrated Ethan Allen (NYSE: ETH) reported lower sales and earnings in its fiscal fourth quarter and fiscal year ending June 30 as the company incurred higher costs from product launches and several other initiatives.