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From Home Furnishing Business

Bed-in-a-Box Producer Purple to Go Public in $1.1 Billion Deal

Mattress producer Purple, one of several fast-growing companies in the bed-in-a-box segment, may soon become a public company.

Raw Materials Costs Crimp Leggett & Platt Profits

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.

Reverie Names Westerman to Key Operations Post

Adjustable bed producer Reverie has named Michael Westerman vice president of operations, a new position for the company.

Matt Firm Absence Sends Tempur Sealy 2Q Sales Down 18%

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.

Rent-A-Center Has Q2 Loss as Revenues Fall Nearly 10%

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.

Surya to Open Year-Round Showrooms in Chicago, Six Other Cities

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.

Ethan Allen Sales, Profits Lower in Q4, Fiscal Year

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.

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