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From Home Furnishing Business

Select Comfort Records Q4 Profit on Big Sales Gain

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.

Tempur Sealy Adopts Rights Plan in Wake of Stock Slide

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.

La-Z-Boy Recalls Lift Chairs Due to Faulty Power Supply

La-Z-Boy (NYSE:LZB) has recalled about 2,500 lift chairs due to a faulty power supply that could pose a shock hazard.

Mattress Veteran Scott Denton Named President of Dormeo

Bedding producer Dormeo N.A. has appointed mattress industry veteran Scott Denton as its new president.

Ikea Opens Largest North American Store in Burbank

Retail powerhouse Ikea has opened its newest and largest store in North America -- a 456,000-square-foot behemoth in Burbank, Calif.

Report: Former Sleepy’s Exec Claims He Was Bilked by Ponzi Scheme

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.

Speakers Announced for ART + IDS First Annual Combined Conference

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.

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