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From Home Furnishing Business

HHGregg Cancels Sale Agreement; Talks with Other Potential Buyers

Furniture, appliance and electronics retailer HHGregg said it has terminated a previously announced agreement with an unnamed party that had offered to purchase substantially all of the assets of the company through its Chapter 11 bankruptcy reorganization.

Leflein Elected President of IHFRA

Tommy Leflein has been elected the 79th president of the International Home Furnishings Representatives Assn. He was installed earlier this month at IHFRA’s annual board of directors meeting in High Point.

Williams-Sonoma Board Approves Dividend Hike

Directors of Williams-Sonoma (NYSE: WSM), parent company of Pottery Barn and several other retail formats, have approved a 2-cent increase in the quarterly cash dividend, boosting the payout to 39 cents per share.

Williams-Sonoma Records 2.5% Profit Jump Despite Revenue Decline

Despite a 4.1% drop in comparable-brand revenue at its flagship Pottery Barn brand, retailer Williams-Sonoma (NYSE: WSM) said profits increased 2.5% to $144.6 million or $1.63 per share in the fourth fiscal quarter.

Twin-Star Sold to Private Equity Firm, Hires New CEO

Twin-Star International, a resource for electric fireplaces, entertainment furniture and related home furnishings products, has been sold to the private equity firm Z Capital Partners and hired Lori Gonzalez as its new CEO.

Pottery Barn Gets New Management Team Following Stangl Resignation

Retailer Williams-Sonoma (NYSE: WSM) said it is reorganizing the leadership team at Pottery Barn following the resignation of Sandra Stangl as president of Pottery Barn Brands.

Redesigned B&B with Event Space to Open in High Point

A redesigned luxury bed and breakfast and event space in High Point, where cutting-edge interior design meets a charming 100-year-old Southern home, will soon unveil its new look at an open house celebrating Pandora’s Manor grand opening March 24-26.

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