Daily News
From Home Furnishing Business
October 26,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry 
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.
October 26,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry, Store Openings
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.
October 24,
2016 by Jane Chero in Business Strategy, Economic News, Financial Reports, Industry
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.
October 21,
2016 by Jane Chero in Business Strategy, Financial Reports, Furniture Retailing, Industry
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.
October 20,
2016 by Jane Chero in Business Strategy, Financial Reports, Industry, Product, Upholstery
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.
October 20,
2016 by Jane Chero in Business Strategy, Financial Reports, Industry
Specialty bedding manufacturer and retailer Select Comfort (SCSS) said third-quarter profits fell more than 19% as consumer demand remained weak.
October 12,
2016 by Jane Chero in Financial Reports, Industry
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.