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FastFact: Medical Costs Move in Opposite Direction of Furniture

Paced by skyrocketing medical costs, prices in the services sector have gone the opposite direction as furniture and other durable goods since the Great Recession ended, according to data from the Bureau of Labor Statistics.

Colin Powell to Keynote Hall of Fame Induction Ceremony

Former Secretary of State Colin Powell, who has served four presidents in a variety of senior military and diplomatic posts, will be the keynote speaker at the American Home Furnishings Hall of Fame Foundation Induction Celebration on Oct. 15 during the High Point Market.

Mark Bacon Resigns from La-Z-Boy

Mark Bacon, senior vice president of La-Z-Boy and president of La-Z-Boy Branded Business, has resigned from the company, effective April 30.

Safavieh Recalls Lingerie Chests Due to Tip-Over Hazard

Case goods and upholstery resource Safavieh has voluntarily recalled about 500 lingerie chests because they pose a tip-over and entrapment hazard for children if not anchored to a wall.

Partnership to Revive Van Vorst Mattress Brand

The historic Van Vorst mattress brand is making a comeback, thanks to a new partnership between bedding producer Eclipse International and Jim and Mike Malkiewicz, the owners of Blue Ocean Sleep.

Customatic Recalls 50,000 Adjustable Beds for Possible Shock Hazard

Customatic, a major supplier of adjustable beds, has issued a voluntary recall of about 50,000 units because of a possible electric shock hazard from the bed’s side-mounted AC outlets.

Pier 1 Q4 Profits Higher on 2.6% Sales Decline

Pier 1 Imports (NYSE: PIR) said sales slipped 2.6% in the fourth fiscal quarter, but net income shot up more than 42% as the retailer boosted gross margins and controlled operational costs.

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