August 16,
2017 by Larry Thomas in Economic News, Industry 
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.
August 14,
2017 by Larry Thomas in Economic News, Industry
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.
August 11,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
E-commerce powerhouse Overstock.com (NASDAQ: OSTK) may spin off Medici Ventures, its money-losing unit that supports trading platforms for digital currencies such as Bitcoin, according to a report by Bloomberg News.
August 11,
2017 by Larry Thomas in Business Strategy, Economic News, Industry
Three-quarters of the furniture retailers surveyed at the recent Las Vegas Market said their business met or exceeded expectations in the first half of the year, and about one-third are expecting an increase in the second half.
August 9,
2017 by Larry Thomas in Economic News, Industry
Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other furniture and accessories brands, said sales slipped 1% in the second quarter, but the company reversed a net loss by recording a profit of $560,000 or 2 cents per share.
August 9,
2017 by Larry Thomas in Economic News, Industry
Directors of Atlanta-based Havertys (NYSE: HVT) have approved a 3-cent increase in the cash dividend, boosting the payout to 15 cents per share of common stock.
August 8,
2017 by Larry Thomas in Economic News, Industry
E-commerce giant Wayfair (NYSE: W) trimmed its net loss to $38.9 million in the second quarter as revenues shot up 42.7%.