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From Home Furnishing Business

Williams-Sonoma Q3 Profits Up 2.8%; Sees Growth Online and in Stores

Retailer Williams-Sonoma (NYSE: WSM), parent company of Pottery Barn, West Elm and several other retail formats, said third-quarter earnings edged up 2.8% to $71.3 million or 84 cents per share as its e-commerce and brick-and-mortar businesses continued to grow.

Ethan Allen Approves Special Dividend Payment

Vertically integrated Ethan Allen (NYSE: ETH) said its board of directors approved a special dividend of 31 cents per share, in addition to its regular quarterly dividend of 19 cents per share.

RH Boosts Revenue, Earnings Projections

Retailer RH (NYSE: RH), formerly known as Restoration Hardware, has raised its revenue and adjusted net income projections for the third and fourth quarters of its fiscal year as the company continues to gain momentum from its new membership business model and a host of other initiatives.

Private Equity Firm Gets Stake in Classic Brands

A&M Capital Opportunities, a private equity firm focused on middle-market companies, has taken an undisclosed stake in mattress producer Classic Brands.

Stanley Cuts Q3 Loss as In-Stock Position Improves

Stanley Furniture (NASDAQ: STLY) cut its third-quarter net loss to $305,000 or 2 cents per share as sales fell 5.5% to $10.4 million.

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.

FastFact: Q3 Bedding Sales Jump 4.8%, Top $4 Billion

Bedding sales totaled $4.04 billion in the third quarter, an increase of 4.8% from last year’s third quarter, according to Impact Consulting Services’ proprietary industry model.

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