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From Home Furnishing Business

Bassett Agrees to Buy Lane Venture from Heritage Home

Heritage Home Group said Monday it has agreed to sell outdoor furniture line Lane Venture to Bassett Furniture Inds. (NASDAQ: BSET)

City Furniture Opens Miami Store in Trendy Design District 

Florida retailer City Furniture has opened a store on the edge of Miami’s trendy Design District that features a wide selection of modern furniture and includes the company’s first-ever wine bar.

Li & Fung Sells Furniture Holdings to Private Equity Firm

Li & Fung, the Hong Kong-based supply chain giant, said it is selling its furniture businesses as part of a $1.1 billion deal with Chinese private equity firm Hony Capital.

Presenters Named for Arts Awards Gala in Dallas

Dallas Market Center and ART, the creative home furnishings network, have unveiled the 18 awards presenters for 29th annual Arts Awards gala, which takes place next month during the Dallas Total Home & Gift Market.

Hall of Fame Opens Nominations for 2018 Inductees

The American Home Furnishings Hall of Fame is now accepting nominations for its 2018 induction class.

Foundation Awards 2nd Grant to CVCC Furniture Academy

The Furniture Foundation, a research and education fund administered by the American Home Furnishings Alliance, has awarded a second 2017 grant to support the Catawba Valley Community College Furniture Academy in Hickory, N.C.

Pier 1 Q3 Sales, Earnings Fall; Retailer Cuts Full-Year Profit Estimate

Home furnishings and décor retailer Pier 1 Imports (NYSE: PIR) said sales slipped 1.4% to $469.2 million in the fiscal third quarter, but earnings fell by more than 45% due to heavier-than-normal promotions and the effects of Hurricanes Harvey and Irma.

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