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From Home Furnishing Business

Myriad Names Jay Diamond Director of Business Development

Myriad Software announced that it has hired Jay Diamond as director of business development, where he will help lead sales and marketing functions for the software company that serves the home furnishings industry.

Storis Report Urges Furniture Retailers to Focus on Consumer Outreach, Marketing

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.

Report: McIngvale Bets $3M on TCU to Win College Football Title

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.

Sleep Country Canada Completes Purchase of Silk & Snow

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.

Bed Bath & Beyond Sees $385M Loss in Q3; May Seek Bankruptcy Protection

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.

Ekornes to Downsize Operations in Norway, Asia

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.

West Elm Teams with Misha & Puff to Launch Kids Collection

Retailer West Elm has teamed up with artisanal fashion brand Misha & Puff to launch a collection of furniture, textiles and accessories for kids.

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