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From Home Furnishing Business

Renegade Furniture Group: #126 on Inc. 500

Online furniture retailer Renegade Furniture Group ranked number 126 on the 2013 Inc. 500 list of America's fastest-growing private companies.

Tilles Interiors Closing in Indiana

Furniture retailer Tilles Interiors will close its doors after almost 40 years of business in Munster, Ind.

MicroD Acquires Channel Redefined

MicroD Inc. has acquired Channel Redefined, an e-commerce company, in an effort to enhance its leadership position for online solution to the home furnishings industry.

Sears Canada Q2 Revenue Falls 9.6%

Sears Canada reported that second-quarter revenue fell 9.6 percent from the same period last year.

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Source: Yahoo! Canada

George Cartledge named to SW Virginia Business Hall of Fame

George Cartledge  Jr. of furniture retailer Grand Home Furnishings will be inducted into the Southwest Virginia Business Hall of Fame


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Source: Roanoke Times

J.C. Penney Reports 12% Revenue Drop in Q2

Although J.C. Penney reported a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue, small signs suggest that interim CEO Myron Ullman  may be starting to turn things around.

The quarter was the first entirely under Ullman's watch. Ullman returned to the retailer in April to undo the strategy put in place by Ron Johnson, who planned to transform J.C. Penney stores into a series of branded in-store shops.


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Source: Retailing Today

La-Z-Boy Declares Quarterly Dividend

La-Z-Boy Inc. (NYSE: LZB) has declared a quarterly cash dividend on the company's common stock of $0.04 per share.