August 26,
2013 by in Business Strategy, Industry
Online furniture retailer Renegade Furniture Group ranked number 126 on the 2013 Inc. 500 list of America's fastest-growing private companies.
August 23,
2013 by in Industry, Retail Closing
Furniture retailer Tilles Interiors will close its doors after almost 40 years of business in Munster, Ind.
August 23,
2013 by in Acquisition, Industry
MicroD Inc. has acquired Channel Redefined, an e-commerce company, in an effort to enhance its leadership position for online solution to the home furnishings industry.
August 22,
2013 by in Financial Reports, Industry
Sears Canada reported that second-quarter revenue fell 9.6 percent from the same period last year.
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Source: Yahoo! Canada
August 22,
2013 by in Industry, Special Events
George Cartledge Jr. of furniture retailer Grand Home Furnishings will be inducted into the Southwest Virginia Business Hall of Fame
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Source: Roanoke Times
August 22,
2013 by in Financial Reports, Industry
Although J.C. Penney reported a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue, small signs suggest that interim CEO Myron Ullman may be starting to turn things around.
The quarter was the first entirely under Ullman's watch. Ullman returned to the retailer in April to undo the strategy put in place by Ron Johnson, who planned to transform J.C. Penney stores into a series of branded in-store shops.
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Source: Retailing Today
August 22,
2013 by in Financial Reports, Industry
La-Z-Boy Inc. (NYSE: LZB) has declared a quarterly cash dividend on the company's common stock of $0.04 per share.