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From Home Furnishing Business

XPO Announces 2022 Third Quarter Results

XPO announced its financial results for the third quarter 2022. Revenue was $3.04 billion for the third quarter, compared with $3.27 billion for the same period in 2021. Excluding third quarter 2021 revenue from the company’s intermodal operation, which was sold in March 2022, third quarter 2022 revenue increased year-over-year by 3%.

ISFD Innovation + Design 2022 Awards People’s Choice Photography Winner

As part of the International Society of Furniture Designers (ISFD) INNOVATION + DESIGN 2022 exhibition local photographers were invited to shoot the INNOVATION + DESIGN finalists’ projects and enter them into the People’s Choice Photography competition.

Brooklyn Bedding and Helix Sleep Announce Greenguard Certification Across Lines

Brooklyn Bedding, manufacturer and retailer, and Helix Sleep, the direct-to-consumer sleep brand, announced that each brand has earned GREENGUARD Gold Certifications across their entire mattress lineups.

Ikea Closes in NY City Borough, Plans to Open in Manhattan

IKEA U.S. will be closing their Queens location at the Rego Center to customers effective Dec. 3, having opened approximately two years ago in Jan. 2021.

British Online Retailer Suspends Orders Due to Buyout Failure, Supply Chain Issues

According to Reuters, British online furniture retailer Made.com suspended taking customer orders on Wednesday after talks to find a buyer failed, pushing the group towards administration.

RXO Set to Join S&P After Spinoff from XPO on Nov. 1

RXO Inc. will be added to the S&P MidCap 400 prior to the opening of trading on Nov. 1, replacing Bread Financial Holdings Inc. which will move to the S&P SmallCap 600 effective prior to the opening of trading on Nov. 2.

Ankura Consulting Publishes Holiday Shopping and Spending Survey for 2022

Ankura Consulting, LLC, a global services and advisory firm, published the results of its 2022 Holiday Consumer Spending Survey conducted by its Performance Improvement Practice. The survey, which polled 1,042 individuals across the United States, reveals key insights for retailers and the U.S. economy.

Performance Groups
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