November 14,
2017 by Larry Thomas in Economic News, Financial Reports, Industry 
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.
November 14,
2017 by Larry Thomas in Business Strategy, Economic News, Financial Reports, Industry
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.
November 13,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
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.
November 10,
2017 by Larry Thomas in Economic News, Industry
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.
November 9,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
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.
November 8,
2017 by Larry Thomas in Economic News, Industry
Bassett Furniture Inds. (NASDAQ: BSET) said its board of directors has approved a special dividend of 35 cents per share.
November 7,
2017 by Larry Thomas in Economic News, Industry
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.