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From Home Furnishing Business

Bassett Sales up 20 Percent in Q3

Bassett Furniture Inds. reported fiscal third-quarter 2013 sales of $77.2 million, a 20 percent increase over the prior-year period.

Natuzzi Posts Loss for 2Q, First Half

Leather furniture supplier Natuzzi  (NYSE: NTZ ) reported a net loss of 20.2 million Euro for the first half ended June 30, compared to a net loss of 8.8 million Euro for the first half of last year.

Herman Miller Boost 1Q Profit with Acquisition

Herman Miller's first quarter profits rose more than 12 percent in the first quarter, helped by a recent acquisition.

 

Restoration Hardware Q2 Guidance Better than Expected

Restoration Hardware's second-quarter guidance beat expectations, but the retailer's shares still retreated.

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Source: Yahoo! Finance

Conn's 2Q Profit up 65% on Furniture, Mattress Sales

Conn's Inc.'s (CONN) fiscal second-quarter profit rose 65% as furniture and mattress sales led strong revenue growth, helping to mask weakness in the credit segment.

The Texas-focused seller of consumer electronics, home appliances, and other products has been focusing on higher-margin items such as furniture and mattresses to improve its performance in recent quarters. In the latest period, furniture and mattress sales were up 59% amid stronger volume and improved average selling prices.

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Source: The Wall Street Journal

Hooker Furniture Nets 2Q Sales, Income Increases

Hooker Furniture has reported net income of $1.7 million for the second quarter ended Aug. 4, a 14.4 percent increase from the $1.5 million reported in the same quarter last year.

Williams-Sonoma Shares Drop on Weak Forecast

Shares of Williams-Sonoma Inc., the owner of its namesake, Pottery Barn and West Elm home-goods chains, fell the most in seven months after the company forecast annual profit that trailed analysts' estimates.

The shares slid 4.2 percent to $56.97 at Wednesday's close in New York, for the biggest decline since Jan. 17. Williams-Sonoma, based in San Francisco, has gained 30 percent this year, compared with a 15 percent increase for the Standard & Poor's 500 Index.
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Source: Moneynews

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