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From Home Furnishing Business

Retail Struggles Lead to Sales, Profit Declines at Ethan Allen

Ethan Allen (NYSE: ETH) reported lower sales and earnings for the quarter ended Dec. 31, citing a “challenging retail environment” and tough comparisons with the double-digit gains recorded in same quarter in 2015.

Online Mattress Retailer Gets More Venture Capital Funding

Eight, an online mattress retailer that launched a smart mattress cover last fall, said it has closed on an additional $5 million in venture capital funding, boosting the total raised from investors to $11 million.

Retail Stores Shine, But Bassett Reports Drop in Q4 Sales, Earnings

Despite a strong performance from its company-owned retail stores Bassett Furniture Inds. (NASDAQ:BSET) said sales slipped 1.5% in its fiscal fourth quarter, and net income fell 11.2%.

Rent-A-Center Reports Steep Drop in Same-Store Sales

Rent-A-Center (NASDAQ: RCII), the nation’s largest operator of rent-to-own stores, said same-store sales at its core U.S. stores tumbled 14% in the fourth quarter as the company continued to experience problems related to last year’s installation of a new point-of-sale system.

Ethan Allen Warns of Sales, Profit Declines

Ethan Allen (NYSE: ETH) warned Wednesday that earnings for the quarter ended Dec. 31 would be well below the same quarter in the previous year, as written orders were down 3.6% at its retail stores and delivered sales fell 6.2%.

HH Gregg Reports 24% Drop in Quarterly Sales

Struggling electronics, appliance and furniture retailer HH Gregg said sales in the quarter ended Dec. 31 tumbled an estimated 24% to $453 million.

Havertys Reports 2.2% Increase in Q4 Sales

Atlanta-based retailer Havertys (NYSE: HVT) said fourth-quarter sales rose 2.2% to $220.6 million, while same-store sales were up 2.5%.

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