Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.
Rug producer and importer Nourison is installing a network of solar panels on the roof of its Saddle Brook, N.J., corporate offices and warehouse that will soon be capable of producing at least 770,000 kilowatt hours of electricity annually.
Adjustable bed supplier Customatic has invested $1 million to upgrade its customer service functions by providing 24/7 access to trained service technicians.
Tipperary Sales, a La-Z-Boy licensee that operates eight La-Z-Boy Furniture Galleries stores in the Southeast, will open a new distribution center in York County, South Carolina early next year.
Boosting its efforts to preserve the history of the home furnishings industry, the American Home Furnishings Hall of Fame Foundation has launched the Heritage Project, which will feature interviews with workers who have played significant roles in the industry.
Rent-A-Center (NASDAQ: RCII) has denied Vintage Capital’s request for a 30-day exclusivity period to complete due diligence on the private equity firm’s $13-per-share buyout offer, but stopped short of rejecting the offer itself.
Last week, San Francisco-based home shopping marketplace Trulia announced the addition of the Trulia Design Panel. The expert group of interior designers, home stagers and organizers will provide useful design insights and home décor advice to buyers and renters.