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From Home Furnishing Business

Flexsteel Acknowledges Buyout Offer from Owner of Z Gallerie, DirectBuy

Upholstery and case good major Flexsteel Inds. confirmed that it had received a buyout offer of $20.80 per share from CSC Generation Holdings, the owner of Z Gallerie, DirectBuy, One Kings Lane, and several other brands.

Strong Comps Drive Q2 Revenue, Earnings Growth at Williams-Sonoma

Paced by 21.5 percent comparable-brand growth from its Pottery Barn chain, retailer Williams-Sonoma said revenues for the quarter ended July 31 rose nearly 10 percent to $2.14 billion.

Furniture Row to Break Ground for Sixth Store in Denver Metro Area

Furniture Row will break ground next week on its newest Furniture Row and Denver Mattress store in Littleton, Colo.

XPO Logistics Names Jeff Firestone to Head Legal Team of RXO Spin-off

XPO Logistics announced that Jeff Firestone will become chief legal officer of RXO, the planned spin-off of XPO’s brokered transportation platform.

AICO President Martin Ploy to Retire After 55-year Furniture Industry Career

After more than 50 years in the home furnishings industry, AICO President Martin Ploy has announced he plans to retire in early November.

La-Z-Boy Sets Quarterly Highs in Sales, Operating Profits & Operating Margin

La-Z-Boy established new quarterly records in sales, operating profits and operating margin in the quarter ended July 30 as it bucked the trend of declining furniture sales.

Terminated Wayfair Employees to Receive at Least 10 Weeks’ Severance Pay

The U.S.-based employees who were terminated last week by e-commerce giant Wayfair will receive a minimum 10 weeks’ pay as part of a severance package outlined by CEO and co-founder Niraj Shah.

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