Sales at Mattress Firm fell 16% to $638 million in the quarter ended Dec. 31, parent company Steinhoff International reported this week, saying the mattress retailer’s business was disrupted by a raft of operational changes and competition from online mattress players.
Pamela Thomas, supply chain director at Universal Furniture, has been elected 2018 president of WithIt, the women’s professional development network for the home furnishings industry.
Rug and home accents manufacturer Nourison is set to launch a partnership with Manhattan-based Studio NYC Design to produce an affordable luxury collection of rugs, pillows and throws.
Upholstery producer Norwalk Furniture, in partnership with the Color Marketing Group, will host a “Color Zest” educational workshop at the upcoming Spring High Point Market.
Rent-to-own major Rent-A-Center (NASDAQ: RCII) said Chief Operating Officer Joel Mussat has resigned, and his position has been eliminated as part of the company’s recent cost-cutting moves.
Last year ended on a disappointing note for many furniture manufacturers, as December factory orders fell 9% from December 2016, according to the monthly Furniture Insights survey from the Smith Leonard accounting and consulting firm.
Stronger-than-expected sales of mattress and upholstery fabrics led to a 12% sales increase at Culp Inc. (NYSE: CULP) in the quarter ended Jan. 28.