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From Home Furnishing Business

Report: Cymax Auditors Question Retailer’s Ability to Continue Operating

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.

Havertys Reports 0.8% Q3 Sales Increase

Aided by “robust” sales around major holidays, Havertys (HVT) said sales increased 0.8% to $211.7 million in the quarter ended Sept. 30.

Bassett Reports Lower Sales, Earnings Amid Weak Demand

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.

Pier 1 Reports $4.1 Million 2Q Loss As Sales Fall 6.7%

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%.

Tempur Sealy Lowers 2016 Sales, Earnings Guidance

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.

Natuzzi Improves Margins, Slashes Second-Quarter Loss

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%.

Flexsteel Increases Dividend by 11%

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.