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From Home Furnishing Business

Furniture Factory Orders Tumble 10% in September

Furniture factory orders tumbled 10% in September, the first monthly decline in more than a year, according to the latest monthly survey from the Smith Leonard accounting and consulting firm.

Big Lots Tops Q3 Earnings Projections; Sales Up 0.5%

Discount retailer Big Lots (NYSE: BIG) said sales edged up 0.5% to $1.11 billion in the quarter ended Oct. 28, and its net income more than tripled due to an insurance settlement.

La-Z-Boy Profits Jump 10% on Wholesale, Retail Growth

La-Z-Boy (NYSE: LZB) said profits rose 10% to $22.9 million or 47 cents per share in the quarter ended Oct. 28 on a 4.4% jump in sales.

Natuzzi Q3 Loss Nearly Doubles as Sales Fall 6.1%

Leather upholstery producer Natuzzi (NYSE: NTZ) said third-quarter sales fell 6.1% and its net loss nearly doubled to 10.9 million euros, or about $13 million, due to delivery delays and weakness in its Softaly private label division.

Williams-Sonoma Q3 Profits Up 2.8%; Sees Growth Online and in Stores

Retailer Williams-Sonoma (NYSE: WSM), parent company of Pottery Barn, West Elm and several other retail formats, said third-quarter earnings edged up 2.8% to $71.3 million or 84 cents per share as its e-commerce and brick-and-mortar businesses continued to grow.

Stanley Cuts Q3 Loss as In-Stock Position Improves

Stanley Furniture (NASDAQ: STLY) cut its third-quarter net loss to $305,000 or 2 cents per share as sales fell 5.5% to $10.4 million.

Nova Lifestyle Profits Soar Following Sale of Factories

Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.

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