Logistics giant XPO Logistics (XPO), whose clients include numerous furniture manufacturers and retailers, announced it has sold its truckload carrier operations to TransForce Inc. (TFI) for $558 million in cash.
Furniture and bedding components supplier Leggett & Platt (LEG) said third-quarter profits were essentially even with last year’s third quarter, as sales declined 6% to $948.9 million.
Rent-to-own major Aaron’s Inc. (AAN) said third-quarter revenue rose less than 1%, but net income jumped more than 21% as its Progressive Finance subsidiary continued to perform well.
A new name, a new design and new product offerings in temporary exhibit areas are on tap for the January Market in Dallas, with expanded opportunities for exhibitors and an extensive collection of curated merchandise for buyers at the Total Home & Gift Market, which takes place Jan. 18-22.
Hampered by repeated outages of its new point-of-sale system, Rent-A-Center (RCII) said third-quarter revenues fell 12.3% to $693.9 million, including a 12% decline in same-store sales in its U.S. rent-to-own stores.
Bedding major Tempur Sealy International (TPX) said third-quarter sales fell 5.4% to $832.4 million, but net income nearly doubled as gross margin improved and other costs were reduced.
Retail software provider Storis has launched a program that offers incentives for clients who take part in beta testing of upcoming Storis releases.