February 28,
2024 by HFBusiness Staff in Business Strategy, Industry 
The TJX Companies, Inc., announced sales and operating results for the fourth quarter and fiscal year ended February 3, 2024. Net sales for the 14-week fourth quarter of Fiscal 2024 were $16.4 billion, an increase of 13% versus the 13-week fourth quarter of Fiscal 2023. Consolidated comparable store sales increased 5%. For the 14-week fourth quarter of Fiscal 2024, net income was $1.4 billion and diluted earnings per share were $1.22, up 37% versus $.89 in the 13-week fourth quarter of Fiscal 2023. Excluding an estimated benefit of $.10 from the extra week in the fourth quarter, adjusted diluted earnings per share on a 13-week basis were $1.12, up 26% versus last year.
February 28,
2024 by HFBusiness Staff in Business Strategy, Industry
Myriad Software recently updated its PointCentric retail management software (RMS) with several new features for home furnishings retailers, including new inventory audit features that will give users new levels of efficiency.
February 28,
2024 by HFBusiness Staff in Business Strategy, Industry
The American Home Furnishings Hall of Fame® has obtained the trademark registration from the U.S. Patent and Trademark Office for its name in connection with its expanded services, exhibitions and educational programs.
February 28,
2024 by HFBusiness Staff in Business Strategy, Industry
Collov AI has successfully raised $10 million in Series A funding, led by one of the largest cabinet manufacturers, GoldenHome Living Co Ltd, a public company that specializes in the research, design, and manufacturing of kitchen cabinets.
February 27,
2024 by HFBusiness Staff in Business Strategy, Industry
Diversified manufacturer Leggett & Platt announced that Steve Henderson, executive vice president and president of the specialized products and furniture, flooring & textile products segments, will retire effective April 1.
February 27,
2024 by HFBusiness Staff in Business Strategy, Industry
Macy’s, Inc. reported financial results for the fourth quarter and full-year 2023 and provided fiscal 2024 guidance.
February 27,
2024 by HFBusiness Staff in Business Strategy, Industry
Top 20 bedding manufacturer Spring Air International is emphasizing the importance of promotions at retail, following a successful marketing campaign that resulted in more than 500 dealer visits to its showroom at the Winter Las Vegas Market, nearly doubling the company’s previous event record of 276. More than 25 percent of these retailers were visiting Spring Air for the first time.