September 8,
2016 by Jane Chero in Business Strategy, Executive Changes, Financial Reports, Industry 
Retailer Pier 1 (PIR) Imports said its board of directors has “mutually agreed” with President and CEO Alex Smith that he will resign effective Dec. 31.
August 31,
2016 by Jane Chero in Financial Reports, Industry
Fabric supplier Culp Inc. (CFI) said sales edged up 0.6% to $80.7 million in the quarter ended July 31, but net income jumped 13%.
August 30,
2016 by Jane Chero in Financial Reports, Industry
Bedding retailer Mattress Firm (MFRM) said its acquisition by South African retail giant Steinhoff International Holdings N.V. (SNH) should be closed by the end of the third quarter following receipt of an early termination notice of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act.
August 29,
2016 by Jane Chero in Financial Reports, Industry
While high student debt is often cited as a key factor in keeping Millennials out of the housing market, the simple lack of sufficient income also plays a role.
August 29,
2016 by Jane Chero in Financial Reports, Industry
Discount retailer Big Lots (BIG) said second-quarter sales were essentially even with last year's second quarter, but net income jumped more than 28% on improved gross margins and better inventory management.
August 25,
2016 by in Financial Reports, Industry
Retailer Williams-Sonoma (WSM) said second-quarter revenues edged up 2.8% to $1.16 billion, but net income fell 3.5% amid what the company described as a softening retail environment.
August 24,
2016 by in Financial Reports, Industry
La-Z-Boy Incorporated (LZB), a global residential furniture company reported sales were flat in the quarter ended July 30, but net income rose about 1% to $13.8 million, or 28 cents per share.