Daily News
From Home Furnishing Business
January 5,
2018 by Larry Thomas in Executive Changes, Industry 
American Textile Co., a producer of mattress and pillow protectors, sheets, blankets and other sleep accessories, has named Carlo Morgano to the new position of senior vice president of information technology.
January 4,
2018 by Larry Thomas in Executive Changes, Industry
Two home furnishings companies, retailer Pier 1 Imports (NYSE: PIR) and manufacturer Flexsteel Inds. (NASDAQ: FLXS), have hired new chief financial officers.
January 4,
2018 by Larry Thomas in Executive Changes, Industry
Flair/Minhas, a case goods and upholstery producer and importer, has hired industry veteran Pete Sakaria to oversee its merchandising.
January 4,
2018 by Larry Thomas in Business Strategy, Industry, Internet
Raffel Systems, a producer of electronic components for motion upholstery and bedding, has revamped its website to make it more user-friendly for manufacturers, retailers and consumers.
January 4,
2018 by Larry Thomas in Community / Charitable Support, Industry
Ashley’s Angels, a non-profit group organized by Ashley Furniture employees, delivered Christmas cheer to 1,356 needy children across the country, providing food, clothing, and toys to children in more than 60 school districts in Mississippi, North Carolina, Pennsylvania and Wisconsin.
January 3,
2018 by Larry Thomas in Business Strategy, Economic News, Financial Reports, Industry
Steinhoff International, the troubled parent company of Mattress Firm and a number of other furniture retailers and manufacturers in Europe, Asia and Africa, said an investigation of its finances revealed the company will have to restate its financial statements from the 2015 and 2016 fiscal years.
January 3,
2018 by Larry Thomas in Executive Changes, Industry
Mark Speese, the longtime CEO of Rent-A-Center (NASDAQ: RCII) who lost his board of directors’ seat in a proxy fight last year, has resigned as CEO and is being replaced by former company president Mitchell Fadel.