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From Home Furnishing Business

New Board Member Elected at Leggett & Platt

Diversified Manufacturer Leggett & Platt (NYSE: LEG) has elected Srikanth Padmanabhan to its Board of Directors effective Aug. 3.  

XPO Logistics’ CFO, John Hardig Steps Down

XPO Logistics (NYSE: XPO) has announced that John Hardig will step down as CFO on Aug. 15. Hardig will remain available to the company in an advisory capacity through Sept.15. Sarah Glickman, SVP of corporate finance, will assume the role of acting CFO.

Ashley Sponsors 50 Flight Academy Students

Ashley Furniture Inc. sponsored 50 middle and high school students from Wisconsin this year to attend the National Flight Academy Program, covering program tuition and travel expenses.

Wayfair Q2 Revenue Jumps 49%, Profits Down $100.7 Million

E-commerce powerhouse Wayfair (NYSE: W) said second-quarter revenues shot up 48.8% to $1.6 billion, while gross profit was $385 million or 23.3% of total net revenue.

NRF Responds to Proposed 25% Tariffs

The National Retail Federation has responded to the administration’s recent announcement that it will consider imposing a tariff of 25 percent rather than 10 percent on $200 billion in goods from China.

HBF Partners with Designer Mario Ruiz to Update Costa Line

HBF has announced the relaunch of its Costa line of conference and training tables, designed by Mario Ruiz.

Start-up Gjemeni Launches Furniture-in-a-Box Collection

Gjemeni, a direct-to-consumer furniture start-up, has added to the growing furniture-in-a-box industry with the launch of its versatile couch.

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