Discount retailer Big Lots (NYSE: BIG) said sales edged up 0.5% to $1.11 billion in the quarter ended Oct. 28, and its net income more than tripled due to an insurance settlement.
Fabric producer Culp Inc. (NYSE: CULP) said sales rose 7.1% to $80.7 million in its second fiscal quarter, but net income fell more than 11% due largely to expenses from a proposed acquisition that never was completed.
La-Z-Boy (NYSE: LZB) said profits rose 10% to $22.9 million or 47 cents per share in the quarter ended Oct. 28 on a 4.4% jump in sales.
E-commerce powerhouse Wayfair (NYSE: W) said it has a 53% increase year-over-year in direct retail gross sales during the 5-day holiday shopping period from Thanksgiving Day to Cyber Monday.
As the percentage of Americans moving remains at historically low levels, data from the U.S. Census Bureau shows that those who do move generally don’t move very far from their original residence.
Stanley Furniture (NASDAQ: STLY), a legacy furniture producer that has struggled to turn a profit in recent years, said it has agreed to sell substantially all of its assets to a company owned by the chairman of Vietnam-based strategic planning and logistics firm.
Although the percentage of Americans moving and changing residences reached historic lows in 2015 and 2016, the patterns of mobility have not shifted significantly for decades, according to data from the U.S. Census Bureau’s Current Population Survey.