December 14,
2017 by Larry Thomas in Business Strategy, Economic News, Industry 
Home furnishings and décor retailer Pier 1 Imports (NYSE: PIR) said sales slipped 1.4% to $469.2 million in the fiscal third quarter, but earnings fell by more than 45% due to heavier-than-normal promotions and the effects of Hurricanes Harvey and Irma.
December 14,
2017 by Larry Thomas in Economic News, Industry
Mattress Firm parent Steinhoff International (FRANKFURT: SNH), whose CEO resigned last week amid an accounting scandal, said it will have to restate its financial statements for fiscal year that ended Sept. 30, 2016.
December 12,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
Steinhoff International, (FRANKFURT: SNH) the South African furniture and retail conglomerate whose stock price collapsed last week in the wake of an accounting scandal, may have to sell some of its prized assets – including Mattress Firm – in order to make debt payments that are due in March, according to a Bloomberg News report.
December 11,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
The southern and western states are the biggest beneficiaries when Americans move, as data from the U.S. Census Bureau shows the South and West had the greatest net increase in population from movers from 2015 to 2016.
December 7,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Hooker Furniture (NASDAQ: HOFT) reported a double-digit profit increase in the quarter ended Oct. 29 as sales rose 8.7% to $157.9 million.
December 7,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Buoyed by improvements in its long-suffering credit business, retailer Conn’s Inc. (NYSE: CONN) recorded a profit of $1.57 million or 5 cents per share in the quarter ended Oct. 31.
December 6,
2017 by Jane Chero in Business Strategy, Designer Weekly, Economic News, Industry
Momentum from Abbyson’s recently bolstered digital strategies has resulted in a 40% increase in sales volume compared to last year, in the period between Black Friday and Cyber Monday.