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From Home Furnishing Business

Former Caracole President Scott Smith Named EVP at Vanguard

Scott Smith, a 25-year furniture industry veteran who most recently was president of Caracole, has been named executive vice president of Vanguard Furniture.

Pier 1 Reports Wider Q2 Loss as Sales Rise 0.4%

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.

Abbyson Adding 500 SKUs to Case Goods Program

Abbyson is dramatically expanding its case goods lineup at next month’s High Point Market by adding more than 500 SKUs of bedroom, dining room, bar and occasional furniture.

Global Views Adds Paul Watson to Leadership Team

Accent furniture resource Global Views has hired Paul Watson as vice president of business development and member of the company’s executive leadership team.

HP Market Authority Acquires Four Downtown Sculptures

The High Point Market Authority has purchased four kinetic art sculptures in downtown High Point that have been on loan from the artists since early 2016.

Consumer Confidence Index Falls Slightly in September

The Consumer Confidence Index, which had improved slightly in August, declined to 119.8 in September, according to The Conference Board.

Blackstone Funds Complete Acquisition of IMC

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.

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