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