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Nova Lifestyle Profits Soar Following Sale of Factories

Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.

Nourison Nearing Completion of Solar Project at NJ Headquarters

Rug producer and importer Nourison is installing a network of solar panels on the roof of its Saddle Brook, N.J., corporate offices and warehouse that will soon be capable of producing at least 770,000 kilowatt hours of electricity annually.

Customatic Invests $1M to Upgrade Customer Service

Adjustable bed supplier Customatic has invested $1 million to upgrade its customer service functions by providing 24/7 access to trained service technicians.

La-Z-Boy Licensee to Open $8M Distribution Center in S.C.

Tipperary Sales, a La-Z-Boy licensee that operates eight La-Z-Boy Furniture Galleries stores in the Southeast, will open a new distribution center in York County, South Carolina early next year.

Hall of Fame Launches Industry History Project

Boosting its efforts to preserve the history of the home furnishings industry, the American Home Furnishings Hall of Fame Foundation has launched the Heritage Project, which will feature interviews with workers who have played significant roles in the industry.

Rent-A-Center Rebuffs Vintage Capital, Seeks Other Offers

Rent-A-Center (NASDAQ: RCII) has denied Vintage Capital’s request for a 30-day exclusivity period to complete due diligence on the private equity firm’s $13-per-share buyout offer, but stopped short of rejecting the offer itself.

Trulia Design Panel to Provide Home Décor Advice

Last week, San Francisco-based home shopping marketplace Trulia announced the addition of the Trulia Design Panel. The expert group of interior designers, home stagers and organizers will provide useful design insights and home décor advice to buyers and renters.

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