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From Home Furnishing Business

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.

Aaron’s Directors Approve 10% Dividend Increase

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 Rebuffs Vintage Capital, Seeks Other Offers

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 Directors Approve Special Dividend

Bassett Furniture Inds. (NASDAQ: BSET) said its board of directors has approved a special dividend of 35 cents per share.

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