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From Home Furnishing Business

Report: CIMC Drops Plan to Acquire Maersk Division After Anti-Trust Concerns Raised

A major Chinese ocean freight company has abandoned plans to acquire the cold storage container division of shipping giant Maersk after the U.S. Justice Department raised anti-trust concerns, according to a report in the newsletter Supply Chain Dive.

Michael Bennett to Head Executive Committee of APRO

Michael Bennett, CEO of Buddy’s Home Furnishings, has been elected president of the executive committee of APRO, the trade association for the rent-to-own industry.

Design Edge Trade Show Targets Chicago, Midwest Interior Designers

Design Edge Co., the only trade show that brings top designer-focused brands directly to interior designers across North America, announces educational and social programming for its two-day event at The Geraghty in Chicago, Sept.21 - 22. 

Dallas Market Center Sets Hospitality Events, Attractions for ArchLIGHT Summit

Dallas Market Center has announced an extensive lineup of hospitality events and special attractions for the second annual ArchLIGHT Summit, drawing the architectural, specification and design communities to the Dallas Trade Mart for a product expo and more than 20 CEU opportunities.

Corsicana Mattress to Close Mississippi Plant as Part of Chapter 11 Restructuring

Corsicana Mattress, which has been operating under Chapter 11 bankruptcy protection since June, will close its factory in Olive Branch, Miss., in October as part of its restructuring effort.

Big Lots Swings to Q2 Net Loss As Heavy Discounting Shrinks Margins

Discount retailer Big Lots swung to a net loss of $84.2 million, or $2.91 per share, for the quarter ended July 30 as comparable-store sales tumbled 9.2 percent and gross margin shrunk amid heavy discounting.

Conn’s Stays Profitable Despite Double-Digit Sales Decline in Q2

Despite a 19.4 percent decline in net sales and a 22 percent decline in same-store sales, retailer Conn’s Inc. eked out a profit of $2.1 million or 9 cents per share in the quarter ended July 31.

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