June 18,
2024 by HFBusiness Staff in Business Strategy, Industry 
Ingka Investments, the investment arm of Ingka Group, announced its participation in the USD 200 million Series B funding round for Waabi, a pioneer in utilizing generative AI for self-driving technology. The funds will support Waabi’s deployment of fully driverless autonomous trucks in 2025.
June 18,
2024 by HFBusiness Staff in Business Strategy, Industry
Furniture Row announces the Grand Reopening of the Furniture Row and Denver Mattress store in Billings! Situated at 8108 S Frontage Rd., this beloved furniture store has undergone intensive renovations and is now primed to provide the Billings community with an enjoyable and efficient shopping experience.
June 18,
2024 by HFBusiness Staff in Business Strategy, Industry
IKEA Canada is collaborating with Furniture Bank, a Toronto-based social enterprise, to address furniture poverty and reduce waste within the Greater Toronto Area (GTA).
June 17,
2024 by HFBusiness Staff in Business Strategy, Industry
La-Z-Boy Incorporated, a global leader in the manufacture and retail of residential furniture, reported fourth quarter and full year results for the period ended April 27, 2024. For the quarter, sales totaled $554 million, a decrease of 1% against a year ago period that benefited from pandemic backlog deliveries and 22% above the pre-pandemic fourth quarter of Fiscal 2019. Operating margin was 9.1% in the quarter on a GAAP basis and 9.4% on a Non-GAAP(1) basis. Diluted earnings per share totaled $0.91 on a GAAP basis and $0.95 on a Non-GAAP(1) basis.
June 17,
2024 by HFBusiness Staff in Business Strategy, Industry
Beyond, Inc., owner of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands designed to unlock your home’s potential, announced structural changes to its leadership team and broader organization. The following changes have been approved by the Company’s board of directors and are effective immediately:
June 17,
2024 by HFBusiness Staff in Business Strategy, Industry
Bedding Industries of America (BIA) is significantly expanding its presence in the Middle East and North Africa with the signing of a new license with leading Saudi Arabia-based Bed Quarter Company, a division of MAZ Holding Group.
June 17,
2024 by HFBusiness Staff in Business Strategy, Industry
Precision Textiles, a go-to provider for innovative nonwovens and laminate solutions for the bedding, home furnishings, healthcare and automotive industries will exhibit at the Foam Expo taking place this month to leverage its strengths and expertise in materials innovation for both the bedding and automotive sectors.