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From Home Furnishing Business

Overstock.com Records Q1 Loss Despite 4.5% Revenue Gain

E-commerce heavyweight Overstock.com (NASDAQ: OSTK) said first-quarter revenue rose 4.5% to $432.4 million, but the retailer swung to a net loss due to losses at a subsidiary that develops blockchain technology.

Tempur Sealy Q1 Profits Squeezed by Mattress Firm Expenses

Mattress producer Tempur Sealy International (NYSE: TPX) said first-quarter sales edged up 0.2% to $722.1 million, but expenses related to the termination of its business with Mattress Firm caused net income to fall 14.4%.

LTL, Last-Mile Businesses Help XPO Record Q1 Profit

Logistics and transportation giant XPO Logistics (NYSE: XPO), a major player in furniture transportation and last-mile delivery, recorded a profit of $21.3 million or 16 cents per share in the first quarter, reversing a net loss in last year’s first quarter.

Survey Says: Furniture Factory Orders Up 4% in February

Furniture factory orders in February increased 4% over the same month in 2016 as the industry appeared to rebound from a flat January, according to the latest Furniture Insights survey.

Upholstery Business Helps Drive Q1 Profit Hike at Havertys

Buoyed by strong sales and margins in its upholstery business, Atlanta-based Havertys (NYSE: HVT) said first-quarter profits jumped more than 28% on a 3% increase in sales.

FastFact: Third Quarter Emerges as Largest Furniture Sales Period

The third quarter has emerged as the biggest quarter for home furnishings sales, surpassing the fourth quarter consistently since 2007, according to data from the U.S. Census Bureau.

Aaron’s Q1 Profits Rise Despite Decline in Lease Revenues

Rent-to-own major Aaron’s Inc. (NYSE: AAN) said first-quarter profits rose 7.3% despite a double-digit decline in lease revenues from its flagship Aaron’s stores.

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