Bedding sales totaled $4.04 billion in the third quarter, an increase of 4.8% from last year’s third quarter, according to Impact Consulting Services’ proprietary industry model.
E-commerce player Overstock.com (NASDAQ: OSTK) said third-quarter revenues slipped 4% to $424 million, but the company slashed its net loss to $786,000 or 3 cents per share.
Hampered by hurricanes in two of its largest markets and the loss of business to Mattress Firm, mattress producer Tempur Sealy International (NYSE: TPX) reported double-digit declines in sales and profits for the third quarter.
Online powerhouse Wayfair (NYSE: W) said third-quarter revenue jumped more than 39% to $1.2 billion, but its net loss widened to $76.4 million or 88 cents per share.
Logistics provider XPO Logistics (NYSE: XPO) said third-quarter revenue rose 4.7% to $3.89 billion, while net income quadrupled to $62.5 million.
Struggling rent-to-own operator Rent-A-Center (NASDAQ: RCII) said Chairman Steven Pepper resigned after the board of directors voted to “explore strategic and financial alternatives” that could include the sale of the company.
Rent-to-own major Aaron’s Inc. (NYSE: AAN) said third-quarter revenues rose 9% to $838.9 million, but earnings fell 14% due to store closings and other disruptions in states hit by Hurricanes Harvey and Irma.