Daily News
From Home Furnishing Business
October 30,
2024 by Karen Parrish in Business Strategy, Industry 
Sleep Number Corporation announced today that Shelly Ibach has shared her plans to retire as Chair, President and Chief Executive Officer, no later than the 2025 Annual Meeting of Shareholders. Pursuant to its established succession plan, the Board of Directors has engaged an independent executive search firm to help identify Ibach’s CEO successor. To support an effective transition, Ibach will continue to serve as Chair through the conclusion of the 2025 Annual Meeting and has agreed to serve as a strategic advisor to the new CEO and Board through the end of 2025.
October 30,
2024 by Karen Parrish in Business Strategy, Industry
RXO, a leading provider of asset-light transportation solutions, was named a 2024 Top Company for Women to Work for in Transportation by the Women in Trucking Association. For the second consecutive year, RXO was also named to the “Elite 30” list, which recognizes companies that generated the highest number of industry-wide votes in an online poll.
October 30,
2024 by Karen Parrish in Business Strategy, Industry
Ingka Investments, the investment arm of Ingka Group, continues its renewable energy investments with a new photovoltaic solar park in Langeron, central France, now fully operational. The investment, made in 2023, consists of 34,500 modules and will have an annual production estimated at 23 GWh per year, the equivalent of the annual consumption of more than 6,000 households.*
October 30,
2024 by Karen Parrish in Business Strategy, Industry
“Our actions throughout the business over the past year are driving sustainable operating model improvements and contributing to our increased financial flexibility and durability. Our initiatives drove broad cost efficiencies and a gross margin rate improvement to 60.8%, resulting in third quarter adjusted EBITDA of $28 million, which was in-line with expectations even with persistent consumer demand weakness,” said Shelly Ibach, Chair, president and CEO.
October 30,
2024 by Karen Parrish in Business Strategy, Industry
XPO announced its financial results for the third quarter 2024. The company reported diluted earnings from continuing operations per share of $0.79, compared with $0.72 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $1.02, compared with $0.88 for the same period in 2023.
October 30,
2024 by Karen Parrish in Business Strategy, Industry
Ethan Allen Interiors Inc., a leading interior design destination, reported its results for the fiscal 2025 first quarter ended September 30, 2024. Visit the Ethan Allen website to see the full report.
October 29,
2024 by Karen Parrish in Business Strategy, Industry
Bassett Furniture Industries, Inc. announced that Tony Chivari has joined the Company as SVP-Chief Marketing Officer. Mr. Chivari has held similar positions with 1-800-Flowers.com, Gem Shopping Network, and Things Remembered.