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From Home Furnishing Business

Nationwide Marketing Group, Myriad Sign Point-of-Sale Partnership

Nationwide Marketing Group has signed a point-of-sale partnership agreement with Myriad Software, giving Nationwide dealers access to group-negotiated pricing and PriMetrix platform integration for one of the leading home furnishing software solution providers.

Tempur Sealy Acquires Specialty Bed Retailer Dreams

Tempur Sealy International, Inc. (NYSE: TPX) has announced the closing of its previously announced deal to acquire Dreams, the leading specialty bed retailer in the United Kingdom.

R.E.S.T. Launches 5-Model Adjustable Base Program

Renaissance Elevated Sleep Technology (R.E.S.T.) has announced the debut of a five-model program of adjustable bases ahead of the summer Las Vegas Market, and company officials say it has in-stock availability to help drive retail traffic and sales.

La-Z-Boy to Invest $30 Million in Manufacturing Campus

Global furniture producer La-Z-Boy Incorporated (NYSE: LZB) has announced it plans to invest more than $30 million over a two-year period in its Neosho, Mo. manufacturing facility.

AI Design Provider Renovai Closes on $3.7 Million Seed Round

Renovai, a provider of visual AI design solutions, has announced the closing of its Seed Capital raise of $3.7 million, led by Canadian tech fund Verstra Ventures and co-led by Australia’s leading retailer Temple & Webster. Additional participants are Alchemist Accelerator, NGN Partners , Citrine and Fusion LA.  

Ikea Unveils Smart Air Purifier within an End Table

Aiming to combine high performing air purifying solutions with design and technology, Ikea has launched the first smart air purifier, Starkvind. From October 2021, Starkvind air purifiers will start to be available in IKEA retail channels.

Smith Leonard: Furniture Orders up 47% in May, 36% from 2019

New orders in May were up 47% over May 2020. The May 2020 results were just the beginning of a somewhat comeback, according to a report by Smith Leonard accounting and consulting firm.

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