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From Home Furnishing Business

The Arrangement Unveils New Collection, Rustic Luxury

Texas-based The Arrangement, a luxury rustic furniture store, has announced the release of three home furnishing collections.

Fast Fact: Mattress Industry Sales Climb 3.5% in Q2

Mattress industry sales totaled $3.81 billion in the second quarter, a 3.5 percent increase over the same quarter in 2017, according to preliminary estimates from Impact Consulting Services’ proprietary industry model.

New Board Member Elected at Leggett & Platt

Diversified Manufacturer Leggett & Platt (NYSE: LEG) has elected Srikanth Padmanabhan to its Board of Directors effective Aug. 3.  

XPO Logistics’ CFO, John Hardig Steps Down

XPO Logistics (NYSE: XPO) has announced that John Hardig will step down as CFO on Aug. 15. Hardig will remain available to the company in an advisory capacity through Sept.15. Sarah Glickman, SVP of corporate finance, will assume the role of acting CFO.

Ashley Sponsors 50 Flight Academy Students

Ashley Furniture Inc. sponsored 50 middle and high school students from Wisconsin this year to attend the National Flight Academy Program, covering program tuition and travel expenses.

Wayfair Q2 Revenue Jumps 49%, Profits Down $100.7 Million

E-commerce powerhouse Wayfair (NYSE: W) said second-quarter revenues shot up 48.8% to $1.6 billion, while gross profit was $385 million or 23.3% of total net revenue.

NRF Responds to Proposed 25% Tariffs

The National Retail Federation has responded to the administration’s recent announcement that it will consider imposing a tariff of 25 percent rather than 10 percent on $200 billion in goods from China.

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