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From Home Furnishing Business

Purple Becomes 1st Publicly-Traded DTC Mattress Producer

Direct-to-consumer mattress producer Purple has become a publicly-traded company following completion of its merger with Global Partner Acquisition Corp.

Survey: Furniture Factory Orders Rise 11% in November

Furniture factory orders posted a strong increase for the second consecutive month in November, rising 11% from the previous November, according to a monthly survey from the accounting and consulting firm Smith Leonard.

FastFact: New Home Prices Soar Since End of Recession

The price of new homes has risen steadily since the depths of the Great Recession in 2009, and less than half of homes sold for under $300,000 in the first half of 2017, according to data from the U.S. Census Bureau.

Flexsteel Reports Double-Digit Profit Hike in Fiscal Q2

Upholstery and case goods resource Flexsteel Inds. (NASDAQ: FLXS) said sales jumped 9.2% to $129.4 million in the quarter ended Dec. 31, while net income was up more than 15% due largely to the recently enacted Tax Cuts and Jobs Act.

Tax Cut Boosts Ethan Allen Bottom Line by 39%

Ethan Allen (NYSE: ETH) said sales edged up 2% in the quarter ended Dec. 31, but profits jumped 39% due largely to the corporate tax cut signed into law in late December.

FastFact: West Shows Biggest Increase in Existing Home Prices

Paced by a 22.5 percent increase in the West, existing home prices have jumped by double-digits in three of the four major regions of the country since 2014, according to data from the U.S. Census Bureau and the National Association of Realtors.

Bassett Reports 3.9% Sales Hike in Q4, but Net Income Slips

Bassett Furniture Inds. (NASDAQ: BSET) said sales rose 3.9% to $118.2 million in the fiscal fourth quarter, but net income slipped 1.4% as the company began an aggressive expansion of its retail store network.