Mattress Firm (MFRM) said sales shot up more than 48% to $980 million in the quarter ended Aug. 2, but the specialty bedding retailer recorded a net loss of $2.2 million due to heavy interest expenses and costs related to its recent spate of acquisitions.
Retailer Pier 1 (PIR) Imports said its board of directors has “mutually agreed” with President and CEO Alex Smith that he will resign effective Dec. 31.
Driven by its recently completed acquisition of Home Meridian, Hooker Furniture (HOFT) said sales more than doubled to $136.2 million in the quarter ended July 31.
Mattress supplier Kingsdown, Inc. has opened three additional stores in China, boosting its footprint in the country to 39 stores in 31 cities.
Boyd Specialty Sleep announced plans to license its patented Sleep Metrics technology to any retailer — whether or not it sells Boyd-branded products.
Focusing on up-and-coming global trends that will impact the home furnishings industry, High Point Market Authority has partnered with leading trend forecasting platform and consultancy, Fashion Snoops for an opening day event to kick-off the Fall Market.
Interior Design Hall of Fame Inductee and past President of the American Society of Interior Designers, Gary Wheeler will join HDR as the Global Director of Interior Design.