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From Home Furnishing Business

Reverie to Open New Production Site Near Buffalo

Reverie, a producer of adjustable beds, mattresses and pillows, said it will open an Innovation Center in the Greater Buffalo, N.Y., area later this year that will serve as the central production facility for its adjustable power bases.

High Point Market Sets Tour Package for New Buyers

The High Point Market Authority has again partnered with Soft Design Lab for the development of a new buyer tour for Spring Market, April 22-26.

Furniture Row to Open High-End Store in Booming Denver Market

Retailer Furniture Row, which focuses on promotional to middle price points at its more than 330 locations in 31 states, will soon open a 170,000-square foot store in its hometown of Denver that specializes in upper-end goods.

HH Gregg to Explore Potential ‘Strategic Transactions’

Troubled furniture, appliance and electronics retailer HH Gregg (NYSE: HGG) said it has retained a financial adviser and investment banker “to pursue a range of potential strategic and financial transactions” as it seeks to reverse recent losses and improve liquidity.

Ikea Adds African Signature

Ikea is creating a uniquely African line of goods in an effort to tap into the “creative explosion” happening across the continent right now.

Rent-A-Center Shareholder Wants Board to Sell Company

An investment firm with a 12.9% stake in struggling Rent-A-Center (NASDAQ: RCII) is urging its board of directors to sell the company, and threatened to launch a proxy fight at this year’s annual meeting if the board doesn’t act quickly.

Williams-Sonoma Signs Deal with Korean Furniture Producer

Retailer Williams-Sonoma (NYSE:WSM) signed a franchise agreement with Korean furniture manufacturer Hyundai Livart Furniture Co. to operate retail stores and an e-commerce business in South Korea.

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