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From Home Furnishing Business

Bassett Furniture Reports Strong Growth in 3Q

Bassett Furniture Inds. (NASDAQ: BSET)  posted net income of $2.3 million for the third quarter ended Aug. 30, compared to $556,000 reported in the same quarter last year.

Wayfair Value Estimated at More than $2 Billion

Online home furnishings retailer Wayfair has set its value at more than $2 billion in documents filed for its impending initial public offering.

Pier 1 2Q Income Sinks

Specialty home furnishings retailer Pier 1 Imports reported net income of $9.2 million for the second quarter ended Aug. 30, a 48 percent decrease from net income of $17.8 million reported in the second quarter of last year.

Restoration Hardware 2Q Income at $27.3 Million

Home furnishings retailer Restoration Hardware reported net income of $27.3 million for the second quarter ended Aug. 2, compared to a $17.8 million loss in the same quarter last year.


Hooker Furniture Income Climbs Nearly 35%

Hooker Furniture (NASDAQ: HOFT) reported net income of $2.3 million for the second quarter ended Aug. 3, a 34.6 percent increase over net income of $1.7 million in net income during the second quarter of last year.

Flexsteel Increases Dividend by 20%

Upholstered furniture manufacturer Flexsteel Inds. (NASDAQ: FLXS) has declared a quarterly dividend of $0.18 per share, a 20 percent increase.

Ikea Sales Increase 6%

Home furnishings retailer Ikea  reported that its sales are growing globally, and China is now its fastest growing market.

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