Bassett Furniture Inds. (NASDAQ: BSET) said profits jumped 9.9% in the quarter ended Aug. 26 on a 9.1% increase in sales.
Pier 1 Imports (NYSE: PIR) said sales edged up 0.4% to $407.6 million in the quarter ended Aug. 26, but the retailer’s net loss nearly doubled from the same quarter last year.
The Consumer Confidence Index, which had improved slightly in August, declined to 119.8 in September, according to The Conference Board.
The private equity group Blackstone said funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have completed the previously announced acquisition of International Market Centers, the largest showroom owner in High Point and owner of the World Market Center in Las Vegas.
Job-related moves, which were curtailed by slow job growth and more restrictive corporate transfer policies during the past decade, are on the upswing again, according to data from the U.S. Census Bureau.
Leather upholstery major Natuzzi (NYSE: NTZ) said second-quarter sales rose 7.3%, but the Italian company’s net loss widened to 4 million euros, or about $4.83 million.
Dering Hall, the online portal for high-end home furnishings, has raised $1.3 million in financing, according to a recent SEC Filing.