As the percentage of Americans moving remains at historically low levels, data from the U.S. Census Bureau shows that those who do move generally don’t move very far from their original residence.
Stanley Furniture (NASDAQ: STLY), a legacy furniture producer that has struggled to turn a profit in recent years, said it has agreed to sell substantially all of its assets to a company owned by the chairman of Vietnam-based strategic planning and logistics firm.
Although the percentage of Americans moving and changing residences reached historic lows in 2015 and 2016, the patterns of mobility have not shifted significantly for decades, according to data from the U.S. Census Bureau’s Current Population Survey.
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.
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.
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.
A&M Capital Opportunities, a private equity firm focused on middle-market companies, has taken an undisclosed stake in mattress producer Classic Brands.