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From Home Furnishing Business

FastFact: Bedding Sales Rise 0.9% in Third Quarter

Bedding sales totaled $3.8 billion in the third quarter, up only 0.9% from last year’s third quarter, according to data from Impact Consulting, parent company of Home Furnishings Business.

Big Lots Reverses Q3 Loss as Furniture, Home Décor Sales Rise

Discount retailer Big Lots (NYSE:BIG) recorded a profit of $1.38 million or 3 cents per share in the quarter ended Oct. 29, reversing a net loss in the same period last year.

Culp Profits Jump Nearly 19% Despite Sales Decline

Fabric supplier Culp Inc. (NYSE: CFI) said sales fell 2.1% in the quarter ended Oct. 30, but net income jumped nearly 19% to $4.5 million or 36 cents per share.

La-Z-Boy Sales Slip 1.6% Amid Weak Summer, Fall Demand

Hampered by weak consumer demand during the summer and early fall months, La-Z-Boy (NYSE: LZB) said sales fell 1.6% to $376.6 million in the quarter ended Oct. 29.

Wayfair Sees 52% Jump in Direct Retail Sales During Holiday Weekend

Online retail giant Wayfair (NYSE:W) reported a 52% increase year-over-year in direct retail gross sales for the five-day peak shopping period of Thanksgiving Day through Cyber Monday.

Hooker Furniture Approves 20% Hike in Quarterly Dividend

Directors of Hooker Furniture (NASDAQ: HOFT) agreed to increase the quarterly cash dividend to 12 cents per share, a 20% boost from the previous dividend of 10 cents per share.

FastFact: Furniture, Bedding Sales Increase 1.7% in Q3

Third-quarter furniture and bedding sales grew a modest 1.7% from last year’s third quarter as the industry’s quarter-over-quarter growth continued its slowdown.

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