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From Home Furnishing Business

CPSC Adds Flammability, Tip-Over Projects to Annual Plan

The U.S. Consumer Product Safety Commission unanimously adopted two amendments to its 2016 Operating Plan yesterday, one addressing upholstered furniture flammability and a second addressing the voluntary furniture tip-over standard.

Home Furnishings Association Names 2016 Officers

RC Willey’s Jeff Child has taken over as 2016 president of the Home Furnishings Association

Corinthian Furniture to Consolidate Factories

Upholstery supplier Corinthian Furniture will consolidate its Mississippi operations over the next two months to its facility in Corinth, Miss.

Thomasville, Baratta Team for Modern Cottage Collection

Thomasville Furniture and interior designer Anthony Baratta are teaming up for a home furnishings collection inspired by items created for the designer’s clients.

RH Stock Tumbles on Outlook

Shares of lifestyle retailer Restoration Hardware (NYSE: RH) took a tumble on a released update and preliminary earnings Wednesday afternoon.

Havertys Posts 4Q Profit

Fourth quarter net income for home furnishings retailer Havertys (NYSE: HVT) was $9.2 million compared to a net loss of $10.2 million in the same quarter last year.

Wayfair Narrows Loss on Sales Increase

Home furnishings e-commerce retailer Wayfair (NYSE: W) posted a net loss of $15.5 million for the fourth quarter ended Dec. 31 compared to a net loss of $72.6 million in the same quarter last year.

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