Stanley Furniture (STLY) said third-quarter sales tumbled 19.8% as the company continued to experience production delays with a factory in Vietnam that is making its recently introduced products.
Ethan Allen (ETH) said sales in its first fiscal quarter rose 1.5%, but profits fell 12% due to increased marketing expenses, new retail store openings and costs associated with the launch of its Ethan Allen/Disney line.
The dollar value of business-to-business e-commerce shipments within the furniture manufacturing segment in nearly 51% of the total value of all shipments in that segment, according to a U.S. Census Bureau report.
La-Z-Boy (LZB) became the latest publicly-traded home furnishings company to report weak retail demand, announcing Thursday that it expects to have a sales decline of 1% to 2.5% in the current fiscal quarter, which ends Oct. 29.
Upholstery and casegoods resource Flexsteel Inds. (FLXS) reported double-digit sales and profit declines in the quarter ended Sept. 30 as weak retail demand and the discontinuing of certain leather upholstery imports hampered results.
Specialty bedding manufacturer and retailer Select Comfort (SCSS) said third-quarter profits fell more than 19% as consumer demand remained weak.
Shares of Rent-A-Center (RCII) tumbled nearly 30% Tuesday after the rent-to-own powerhouse said it expects to report a 12% decline in same-store sales in its core RTO business for the third quarter.