The chief financial officer for Natuzzi (NYSE: NTZ) will be coordinating the company's reorganization of its upholstery operations in Puglia and Basilicata, Italy.
Rent-to-own retailer Aaron's has received a takeover bid from investment firm Vintage Capital Management.
Propelled by its March acquisition of Sealy, bedding major Tempur Sealy reported a 98.8 percent increase in fourth-quarter sales, which totaled $678.1 million.
The National Retail Federation is predicting U.S. retail sales will increase 4.1 percent in 2014.
Havertys Furniture has leased 45,000 square feet of retail space in Fayetteville, N.C.
An Ashley Furniture Homestore outlet in Memphis, Tenn., will close.
While affluent consumer confidence as measured by Unity Marketing's Luxury Consumption Index rose slightly in early January, the latest survey forecasting spending and purchases among the affluent shoppers shows they are more likely to save and invest any financial gains they accumulate over the next 12 months, rather than pick up the pace of spending on luxury or high-end goods and services.