January 8,
2023 by HFBusiness Staff in Business Strategy, Industry 
Some 70 percent of retailers surveyed by retail software provider Storis said they are not planning to open new stores in 2023, making investments in areas such as consumer outreach and marketing critical to their success, the company concluded in its annual home furnishings industry trend guide.
January 5,
2023 by HFBusiness Staff in Business Strategy, Industry
Gallery Furniture owner Jim McIngvale, who famously won $75 million last fall by betting on his hometown Houston Astros to win the World Series, will pocket another multimillion-dollar payout if TCU wins college football’s national championship game on Monday, according to a report from Action Network, a sports betting website.
January 5,
2023 by HFBusiness Staff in Business Strategy, Industry
Mattress retailer Sleep Country Canada said it has completed its previously announced acquisition of Silk & Snow, a fast-growing, direct-to-consumer sleep products brand.
January 5,
2023 by HFBusiness Staff in Business Strategy, Industry
Bed Bath & Beyond said it expects to report a 33 percent drop in sales and a net loss of more than $385 million for the quarter ended Nov. 26, and said it is considering a bankruptcy filing or other strategic alternatives.
January 4,
2023 by HFBusiness Staff in Business Strategy, Industry
Upholstery major Ekornes said it is downsizing operations in Asia and its home country of Norway to combat a post-pandemic drop in demand and increased costs.
January 4,
2023 by HFBusiness Staff in Business Strategy, Industry
Retailer West Elm has teamed up with artisanal fashion brand Misha & Puff to launch a collection of furniture, textiles and accessories for kids.
January 4,
2023 by HFBusiness Staff in Business Strategy, Industry
Retail furniture powerhouse Bob’s Discount Furniture has been named one of the top three brands to watch in 2023 by the location analytics firm Placer.ai.