February 22,
2023 by HFBusiness Staff in Business Strategy, Industry 
Overstock reported total net revenue for Fourth Quarter of 2022 of $405 million, a decrease of 34% year over year. Gross profit was $90 million, or 22.1% of total net revenue.
February 22,
2023 by HFBusiness Staff in Business Strategy, Industry
Coliseum Capital Management, LLC, the largest stockholder of Purple Innovation, Inc., owning approximately 44% of the common stock, filed a lawsuit in the Delaware Court of Chancery to invalidate Purple’s recently issued "Proportional Representation Preferred Linked Stock," which Coliseum believes deprives Purple stockholders of a fair and democratic election of directors at the Company’s 2023 Annual Meeting.
February 22,
2023 by HFBusiness Staff in Business Strategy, Industry
Lenzing – The Lenzing Group, has teamed up with NFW (Natural Fiber Welding Inc.) to offer TENCEL™ branded fibers as another backer option for NFW’s patented plant-based technology, MIRUM®.
February 22,
2023 by HFBusiness Staff in Business Strategy, Industry
Homesense, the latest retail experience from the HomeGoods family, will open its newest location in Port St. Lucie, Florida on February 23. The store is located in The Landing at Tradition at 10856 SW Village Parkway.
February 22,
2023 by HFBusiness Staff in Business Strategy, Industry
Vari, the Texas-based innovative workspace furniture company, has named 9thWonder Agency its media agency of record.
February 21,
2023 by HFBusiness Staff in Business Strategy, Industry
Bedding Industries of America (BIA) is again expanding its international presence, this time with the signing of Arpitech Ltd., the largest mattress manufacturer in Sri Lanka. The company becomes the 83rd global licensee for BIA.
February 21,
2023 by HFBusiness Staff in Business Strategy, Industry
The High Point Market Authority (HPMA) announces musical guests En Vogue and Chris Janson will headline its Center Stage concert series during the opening weekend of Spring Market, April 22-23.