U.S. buyout firms Catterton Partners and Tower Three Partners, which acquired home furnishings retailer Restoration Hardware five years ago, are on track to make about eight times their initial investment, according to the Wall Street Journal....
Americans spent more at retail businesses in June, buying more cars and trucks, furniture and clothes. But consumers cut back on many other purchases, a mixed sign for economic growth.
Fire damaged the roof of the Sam Moore furniture plant in Bedford on Monday evening. No one was injured.
Stanley Furniture (NASDAQ: STLY) posted its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.11, Stock Ratings Network reports.
Hooker Furniture Corp. will give $50,000 toward the $2 million Building on Baldwin capital campaign to expand the New College Institute in Virginia.
America's Research Group's Furniture Buying Index held steady in June at a reading of 76.
The U.S. Department of Commerce has ruled preliminarily that innersprings from Malaysian manufacturer Reztec are evading duties imposed on Chinese producers.