A new report by the U.S. Department of Housing and Urban Development shows that new single-family homes averaged 2,540 square feet in 2015, up from 2,060 feet in 2000.
Bassett Furniture Inds. (BSET) said its board of directors declared a special dividend of 30 cents per share, payable Dec. 16 to stockholders of record on Dec. 2.
Directors of Atlanta-based Havertys (HVT) have authorized a special cash dividend to be paid on the outstanding shares of Havertys’ two classes of common stock at a rate of $1 per share on the common stock and 95 cents per share on the Class A common stock.
Online retail giant Wayfair (W) said third-quarter revenue jumped 45% to $861.5 million, but the e-commerce heavyweight reported a net loss of $60.9 million or 72 cents per share.
In the final installment of a series of factoids addressing the rise of e-commerce in furniture manufacturing and the merchant wholesale trade, we highlight a U.S. Census Bureau study that tracked e-commerce sales by merchant wholesalers (distributors, jobbers, drop shippers, import/export merchants and like) and MSBOs, or manufacturers sales branches and offices.
E-commerce retailer Overstock.com (OSTK) said third-quarter revenue rose 12.9%, but its net loss widened due largely to losses in its business unit that’s promoting Bitcoin technology.
Acquisition-minded XPO Logistics (XPO) said third-quarter revenue jumped more than 57% to $3.7 billion, and the company reversed a net loss from last year’s third quarter.