Paced by its Home Meridian division, Hooker Furniture (NASDAQ: HOFT) reported double-digit sales and profit increases for the quarter ended July 30.
Retailer Conn’s Inc. (NASDAQ: CONN) returned to profitability in the quarter ended July 31, registering net income of $4.27 million or 14 cents per share despite a 7.9% decline in revenues and a 15.1% drop in same-store sales.
RH (NYSE: RH) swung to a net loss of $7.86 million or 28 cents per share in its second fiscal quarter, but the retailer boosted its revenue and earnings estimates for the fiscal year due to the positive impact of several initiatives taken during the past year.
Aterian Investment Partners, a New York-based private equity firm, has acquired a stake in case goods and upholstery manufacturer and importer Standard Furniture.
Although mobility remains at an all-time low in the United States, data from the U.S. Census Bureau shows that a significant chunk of movers are from low-income households.
New orders in June rose 6% over June of 2016 and 6% year-to-date according to a report by the Smith Leonard accounting and consulting firm.
Fintech company Snap Finance, a provider of lease-to-own financing at the point of sale to customers of eCommerce and brick-and-mortar merchants, is partnering with BMO Harris Bank representing the largest bank revolving credit facility ever for a private consumer lease-to-own company.