November 14,
2016 by Larry Thomas in Economic News, Financial Reports, Industry 
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.
November 9,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry
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.
November 9,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry
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.
November 8,
2016 by Larry Thomas in Financial Reports, Industry
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.
November 7,
2016 by Larry Thomas in Economic News, Financial Reports, Industry
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.
November 4,
2016 by Larry Thomas in Financial Reports, Industry
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.
November 3,
2016 by Larry Thomas in Financial Reports, Industry
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.