February 13,
2018 by Larry Thomas in Economic News, Industry, Legal 
Home Furnishings Resource Group, a supplier of furniture used in college dormitories, has agreed to pay $500,000 to settle claims that it made false statements on customs documents to avoid paying anti-dumping duties on bedroom furniture imported from China.
February 12,
2018 by Larry Thomas in Economic News, Industry
Mattress industry sales totaled $3.69 billion in the fourth quarter, a 5.3 percent jump over the same quarter in 2016, according to preliminary estimates from Impact Consulting Services’ proprietary industry model.
February 8,
2018 by Larry Thomas in Economic News, Industry
Transportation powerhouse XPO Logistics (NYSE: XPO) reported record fourth-quarter revenue of $4.19 billion, led by growth in its freight brokerage, last-mile delivery and contract logistics businesses.
February 8,
2018 by Larry Thomas in Business Strategy, Economic News, Industry
Jim Fee of Stoney Creek Furniture in Stoney Creek, Ontario, has been installed as 2018 president of the Home Furnishings Association.
February 6,
2018 by Larry Thomas in Economic News, Financial Reports, Industry
Leggett & Platt (NYSE: LEG) said fourth-quarter sales rose 8.9% to $984.5 million, but profits tumbled 56% due largely to one-time charges related to recently-enacted changes in corporate tax rates.
February 5,
2018 by Larry Thomas in Business Strategy, Economic News, Industry
A robust December powered fourth-quarter furniture and bedding sales to a 6.3% gain over the final quarter of 2016, according to the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.
February 5,
2018 by Larry Thomas in Business Strategy, Economic News, Industry
Direct-to-consumer mattress producer Purple has become a publicly-traded company following completion of its merger with Global Partner Acquisition Corp.