February 9,
2017 by Larry Thomas in Bedding, Financial Reports, Industry, Product
Bedding manufacturer and retailer Select Comfort (NASDAQ: SCSS) reported a fourth-quarter profit of $11.3 million or 25 cents per share, reversing a net loss from a disastrous fourth quarter in the prior year, when a new enterprise resource planning system led to lost sales and canceled orders.
February 9,
2017 by Larry Thomas in Bedding, Business Strategy, Industry, Product
Bedding producer Tempur Sealy International (NYSE: TPX), whose stock price has been hammered since it announced last week it no longer would sell products to Mattress Firm, said its board of directors has approved a stockholder rights plan to protect the company against hostile takeover bids.
February 9,
2017 by Larry Thomas in Industry, Legal
La-Z-Boy (NYSE:LZB) has recalled about 2,500 lift chairs due to a faulty power supply that could pose a shock hazard.
February 9,
2017 by Larry Thomas in Executive Changes, Industry
Bedding producer Dormeo N.A. has appointed mattress industry veteran Scott Denton as its new president.
February 9,
2017 by Larry Thomas in Industry, Store Openings
Retail powerhouse Ikea has opened its newest and largest store in North America -- a 456,000-square-foot behemoth in Burbank, Calif.
February 9,
2017 by Larry Thomas in Industry, Legal
Former Sleepy’s executive Adam Blank claims he lost more than $1.5 million in a Ponzi scheme involving tickets for the hit Broadway show “Hamilton” and other popular events, according to a story in USA Today.
February 8,
2017 by Jane Chero in Designer Weekly, Industry, Special Events
ART, the creative home furnishings network, and the Interior Design Society have announced the speaker lineup for their first annual ART + IDS combined conference set for May 18-21 in Scottsdale, Ariz.