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From Home Furnishing Business

John Bray Gets AHFA Distinguished Service Award

John Bray, chairman and CEO of Vanguard Furniture, received the American Home Furnishings Alliance’s highest honor, the Distinguished Service Award, during an awards dinner at the organization’s recent annual meeting.

Cresent Promotes Cash to New VP Post

Cresent Fine Furniture, a supplier of solid wood bedroom and casual dining furniture, has named John Cash vice president of sales and marketing as part of its long-term strategy to increase revenue and develop new retail partnerships.

Bassett Directors Approve Special Dividend

Bassett Furniture Inds. (BSET) said its board of directors declared a special dividend of 30 cents per share, payable Dec. 16 to stockholders of record on Dec. 2.

Special Dividend Granted to Havertys Shareholders

Directors of Atlanta-based Havertys (HVT) have authorized a special cash dividend to be paid on the outstanding shares of Havertys’ two classes of common stock at a rate of $1 per share on the common stock and 95 cents per share on the Class A common stock.

Gold Bond Adds Jerry Colpitts as Territory Manager

Independent, family-owned Gold Bond Mattress has named retail and bedding industry veteran Jerry Colpitts as territory manager responsible for the company’s sales in Vermont, New Hampshire and Maine.

Wayfair Reports $60.9M Loss on 45% Revenue Gain

Online retail giant Wayfair (W) said third-quarter revenue jumped 45% to $861.5 million, but the e-commerce heavyweight reported a net loss of $60.9 million or 72 cents per share.

IMC Completes $610M Debt Refinancing

International Market Centers, owner of the World Market Center in Las Vegas and numerous showroom properties in High Point, announced a refinancing of its senior secured debt and revolving credit facility.

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