Discount retailer Big Lots (NYSE: BIG) said sales edged up 1.5% in the quarter ended July 29, but profits jumped more than 28% to $29.1 million or 67 cents per share.
The RoomPlace, a retailer with stores in the Chicago and Indianapolis markets, has expanded its secondary financing programs to allow extended terms and lower monthly payments to credit-challenged customers.
Despite a lower operating margin, home furnishings retailer Williams-Sonoma (NYSE: WSM) said profits rose 2.2% in the second fiscal quarter to $52.9 million or 61 cents per share.
La-Z-Boy (NYSE: LZB) said sales rose 4.8% in the opening quarter of its fiscal year, but profits fell more than 15% due largely to lower operating margins in its upholstery segment.
A person’s marital status is a major factor in determining whether Americans move, and new data from the U.S. Census Bureau shows that 37.4% of those who moved from 2015 to 2016 were never married.
Upholstery and case goods resource Flexsteel Inds. (NASDAQ: FLXS) said sales and earnings fell slightly in the fourth fiscal quarter and fiscal year that ended June 30 as the company reorganized parts of its business and eliminated some products from its portfolio.
A record low 11.2% of Americans moved to a new residence from 2015 to 2016, continuing a steady decline in mobility rates that has been evident since the 1950s, according to data from the U.S. Census Bureau.