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From Home Furnishing Business

Furniture Row to Break Ground for Sixth Store in Denver Metro Area

Furniture Row will break ground next week on its newest Furniture Row and Denver Mattress store in Littleton, Colo.

XPO Logistics Names Jeff Firestone to Head Legal Team of RXO Spin-off

XPO Logistics announced that Jeff Firestone will become chief legal officer of RXO, the planned spin-off of XPO’s brokered transportation platform.

AICO President Martin Ploy to Retire After 55-year Furniture Industry Career

After more than 50 years in the home furnishings industry, AICO President Martin Ploy has announced he plans to retire in early November.

La-Z-Boy Sets Quarterly Highs in Sales, Operating Profits & Operating Margin

La-Z-Boy established new quarterly records in sales, operating profits and operating margin in the quarter ended July 30 as it bucked the trend of declining furniture sales.

Terminated Wayfair Employees to Receive at Least 10 Weeks’ Severance Pay

The U.S.-based employees who were terminated last week by e-commerce giant Wayfair will receive a minimum 10 weeks’ pay as part of a severance package outlined by CEO and co-founder Niraj Shah.

Sunpan Touts Work of Minority Designers With Kaleidoscope Project Sponsorship

Contemporary furniture resource Sunpan is once again a sapphire sponsor of The Kaleidoscope Project, an annual effort that showcases the work of minority interior designers as they renovate a historic property.

New Home Sales Tumble 12.6% in July; Lowest Level Since January 2016

In a further sign that the housing market continues to weaken, new home sales in July fell to their lowest level since January 2016, according to the National Association of Home Builders.

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