October 12,
2016 by Jane Chero in Financial Reports, Industry 
Canadian online furniture retailer Cymax has cut numerous jobs in recent months following an auditor’s report that questioned the company’s “ability to continue as a going concern,” Bloomberg News reported.
October 7,
2016 by Jane Chero in Financial Reports, Industry
Aided by “robust” sales around major holidays, Havertys (HVT) said sales increased 0.8% to $211.7 million in the quarter ended Sept. 30.
September 30,
2016 by Jane Chero in Financial Reports, Industry
Bassett Furniture Inds. (BSET) reported lower sales and earnings in the quarter ended Aug. 27 amid weak consumer demand and lower sales of its imported products.
September 29,
2016 by Jane Chero in Financial Reports, Industry
Weak store traffic drove Pier 1 Imports (PIR) to a net loss of $4.1 million in the quarter ended Aug. 27 as sales tumbled 6.7%.
September 28,
2016 by Jane Chero in Financial Reports, Industry
Bedding major Tempur Sealy International (TPX) said it now expects a sales decline of 1% to 3% in the 2016 calendar year following a weaker-than-expected third quarter.
September 26,
2016 by Jane Chero in Financial Reports, Industry
Leather upholstery major Natuzzi (NTZ) said sales fell 7.7% in the quarter ended June 30, but the company slashed its net loss by more than 75%.
September 14,
2016 by Jane Chero in Financial Reports, Industry
The Board of Directors of Flexsteel (FLXS) has voted to increase the company’s quarterly cash dividend to 20 cents per share, payable Oct. 7 to shareholders of record Sept. 23.