December 5,
2016 by Larry Thomas in Bedding, Financial Reports, Industry, Product
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.
December 5,
2016 by Larry Thomas in Financial Reports, Industry
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.
December 2,
2016 by Larry Thomas in Financial Reports, Industry
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.
December 1,
2016 by Larry Thomas in Financial Reports, Industry
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.
December 1,
2016 by Larry Thomas in Financial Reports, Industry, Retail Technology
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.
November 30,
2016 by Larry Thomas in Financial Reports, Industry
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.
November 28,
2016 by Larry Thomas in Financial Reports, Industry
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.