January 17,
2018 by Larry Thomas in Economic News, Financial Reports, Industry
Furniture manufacturer and retailer Ethan Allen (NYSE: ETH) said it expects to report a 2% sales increase for the quarter ended Dec. 31, along with adjusted earnings per share of 51 cents to 52 cents.
January 8,
2018 by Larry Thomas in Economic News, Financial Reports, Industry
Atlanta-based Havertys (NYSE: HVT) said it had a disappointing fourth quarter, with net sales falling 2.6% and comparable-store sales down 3.5%.
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.
December 29,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
After reaching a 17-year high in November, the widely-followed Consumer Confidence Index fell to 122.1 in November, according to the Conference Board.
December 7,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Hooker Furniture (NASDAQ: HOFT) reported a double-digit profit increase in the quarter ended Oct. 29 as sales rose 8.7% to $157.9 million.
December 7,
2017 by Larry Thomas in Economic News, Financial Reports, Industry
Buoyed by improvements in its long-suffering credit business, retailer Conn’s Inc. (NYSE: CONN) recorded a profit of $1.57 million or 5 cents per share in the quarter ended Oct. 31.
December 6,
2017 by Larry Thomas in Business Strategy, Economic News, Financial Reports, Industry
Retailer RH (NYSE: RH) said third-quarter profits leaped to $13.2 million or 56 cents per share as the company began to reap the benefits of a new membership business model and streamlined operations.