August 28,
2013 by in Financial Reports, Industry 
Shares of Furniture Brands International (OTC: FBNI) begin trading today on the OTCQB.
August 27,
2013 by in Financial Reports, Industry
Hedge fund manager William A. Ackman is looking to sell his approximately 18 percent stake in retailer J.C. Penney....
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Source: Boston Globe
August 22,
2013 by in Financial Reports, Industry
Sears Canada reported that second-quarter revenue fell 9.6 percent from the same period last year.
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Source: Yahoo! Canada
August 22,
2013 by in Financial Reports, Industry
Although J.C. Penney reported a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue, small signs suggest that interim CEO Myron Ullman may be starting to turn things around.
The quarter was the first entirely under Ullman's watch. Ullman returned to the retailer in April to undo the strategy put in place by Ron Johnson, who planned to transform J.C. Penney stores into a series of branded in-store shops.
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Source: Retailing Today
August 22,
2013 by in Financial Reports, Industry
La-Z-Boy Inc. (NYSE: LZB) has declared a quarterly cash dividend on the company's common stock of $0.04 per share.
August 21,
2013 by in Financial Reports, Furniture Retailing, Industry
Buoyed by a 6 percent rise in total sales, furniture maker La-Z-Boy Inc. on Tuesday reported a fiscal first quarter profit of $9.6 million, or 18 cents per share, up 118 percent from $4.4 million, or 8 cents per share, for the same period a year ago.
The Monroe-based company, which makes the iconic La-Z-Boy recliner, said its quarterly sales totaled $318.9 million, compared with $301.5 million a year earlier.
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Source: Toledoblade.com
August 15,
2013 by in Financial Reports, Industry
Furniture supplier Flexsteel Inds. (NASDAQ: FLXS) reported net income of $13.2 million for the year ended June 30, compared to $13.1 million for the same period last year.