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From Home Furnishing Business

Sandell Nominates 6 for Ethan Allen Board

Activist shareholder Sandell Asset Management Corp. has nominated a six-candidate slate for election to the Ethan Allen (NYSE: ETH) board of directors, setting the stage for a cantankerous proxy battle.

 

Mattress Firm 2Q Income Hits $21.9 Million

Bedding retailer Mattress Firm (NASDAQ: MFRM) posted net income of $21.9 million for the second quarter ended Aug. 4 compared to net income of $14.3 million in the same quarter last year.


RH 2Q Nets $30 Million

Lifestyle retailer Restoration Hardware (NYSE: RH) reported net income of $30 million for the second quarter ended Aug. 1 compared to net income of $36 million in the same quarter last year.

Hooker Furniture 1Q Net Income Soars 73%

Hooker Furniture (NASDAQ: HOFT) reported a 73 percent increase in second quarter net income of $3.9 million for the period ended Aug. 2.

Ethan Allen Plans $250M of Debt Financing

Ethan Allen Interiors (NYSE: ETH) said it plans to raise up to $250 million of long-term debt financing.

 

Culp Posts $4.7M 1Q Income

Fabric supplier Culp (NYSE: CFI) reported net income of $4.7 million for the first quarter ended Aug. 2 compared to net income of $3.3 million in the same quarter last year.


Securities Class Action Filed Against Pier 1

A class action lawsuit has been filed against specialty retailer Pier 1 (NYSE: PIR) alleging company executives failed to disclose information about the company’s financial condition.

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