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From Home Furnishing Business

RH Q3 Profits Soar as New Business Model Takes Shape

Retailer RH (NYSE: RH) said third-quarter profits leaped to $13.2 million or 56 cents per share as the company began to reap the benefits of a new membership business model and streamlined operations.

FastFact: Homeowners, Renters Exhibit Similar Mobility Patterns

The mobility patterns of homeowners and renters are very similar, with the vast majority of each group choosing to move within the same county, according to data from the U.S. Census Bureau’s Current Population Survey 2016.

Furniture Factory Orders Tumble 10% in September

Furniture factory orders tumbled 10% in September, the first monthly decline in more than a year, according to the latest monthly survey from the Smith Leonard accounting and consulting firm.

Big Lots Tops Q3 Earnings Projections; Sales Up 0.5%

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.

Brisk Upholstery, Mattress Fabric Sales Drive Culp Top Line

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 Profits Jump 10% on Wholesale, Retail Growth

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.

Wayfair Smashes Holiday Weekend Sales Record

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.

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