Directors of Aaron’s Inc. (NYSE: AAN) have boosted the quarterly dividend to 30 cents per share, a 10% increase over the previous dividend of 27.5 cents per share.
Rent-A-Center (NASDAQ: RCII) has denied Vintage Capital’s request for a 30-day exclusivity period to complete due diligence on the private equity firm’s $13-per-share buyout offer, but stopped short of rejecting the offer itself.
Bassett Furniture Inds. (NASDAQ: BSET) said its board of directors has approved a special dividend of 35 cents per share.
Mattress producer Purple Innovation, a rapidly-growing start-up that sells its products online, has signed a definitive merger agreement that will make it a public company.
Furniture and bedding sales were up 4.11 percent in the third quarter to $25.42 billion, according to the proprietary industry sales model developed by Impact Consulting, parent company of Home Furnishings Business.
Havertys (NYSE: HVT) said third-quarter profits tumbled more than 23% to $5.98 million or 28 cents per share due largely to disruptions from Hurricane Irma.
Consumer spending on furniture totaled $109.7 billion in the first quarter of 2017, according to data from the Bureau of Labor Statistics.