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From Home Furnishing Business

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.

Mattress Firm Parent Steinhoff Will Revise 2016 Financials

Mattress Firm parent Steinhoff International (FRANKFURT: SNH), whose CEO resigned last week amid an accounting scandal, said it will have to restate its financial statements for fiscal year that ended Sept. 30, 2016.

Universal, Esteem Media Sponsor Market Trip for Winning Designer

Universal Furniture and Esteem Media, the company that produces the Design Bloggers Tour during the High Point Market, are sponsoring a contest for interior designers that will provide a trip to a 2018 High Point show for the winning designer.

Rent-A-Center Promotes Two Acceptance Now Executives

Rent-to-own major Rent-A-Center (NASDAQ: RCII) has promoted two key executives in its Acceptance Now division, Chris Crocker and Andy Bittinger.

Baer’s Named Florida Retailer of the Year

Baer’s Furniture has been named 2018 Retailer of the Year by the Florida Home Furnishings Representatives Assn.

Eclipse U.S. Licensees Discuss ’18 Outlook at Annual Meeting

Mattress manufacturer Eclipse International recently hosted its annual summit meeting with its U.S. licensing partners at its North Brunswick, N.J., headquarters.

Lewis Wins Castelle Furniture in Social Media Contest

Cassandra Lewis of Heritage Home Group was named winner of a social media contest sponsored by outdoor furniture producer Castelle during the October High Point Market.

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