Daily News
From Home Furnishing Business
November 9,
2016 by Larry Thomas in Executive Changes, Industry 
Cresent Fine Furniture, a supplier of solid wood bedroom and casual dining furniture, has named John Cash vice president of sales and marketing as part of its long-term strategy to increase revenue and develop new retail partnerships.
November 9,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry
Bassett Furniture Inds. (BSET) said its board of directors declared a special dividend of 30 cents per share, payable Dec. 16 to stockholders of record on Dec. 2.
November 9,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry
Directors of Atlanta-based Havertys (HVT) have authorized a special cash dividend to be paid on the outstanding shares of Havertys’ two classes of common stock at a rate of $1 per share on the common stock and 95 cents per share on the Class A common stock.
November 9,
2016 by Larry Thomas in Business Strategy, Industry, Mattresses, Product
Independent, family-owned Gold Bond Mattress has named retail and bedding industry veteran Jerry Colpitts as territory manager responsible for the company’s sales in Vermont, New Hampshire and Maine.
November 8,
2016 by Larry Thomas in Financial Reports, Industry
Online retail giant Wayfair (W) said third-quarter revenue jumped 45% to $861.5 million, but the e-commerce heavyweight reported a net loss of $60.9 million or 72 cents per share.
November 8,
2016 by Larry Thomas in Business Strategy, Industry
International Market Centers, owner of the World Market Center in Las Vegas and numerous showroom properties in High Point, announced a refinancing of its senior secured debt and revolving credit facility.
November 8,
2016 by Larry Thomas in Business Strategy, Industry
Richard Magnussen, CEO of Magnussen Home, was elected 2017 chairman of the American Home Furnishings Alliance board of directors during the organization’s recent annual meeting in Kiawah Island, S.C.