Kim Yost, president and CEO of Art Van Furniture since 2009, announced he would retire from the Michigan-based retailer once a successor is named.
Custom upholstery major Décor-Rest is adding motion upholstery and dining room furniture to its product lineup, and is moving to a new showroom in time for the April High Point Market.
The High Point Market Authority, in partnership with the American Society of Interior Designers, has set the schedule for its popular Design Viewpoints Series for the upcoming High Point Market.
Veteran sales representatives Ray Isser, Jeffrey Poochigian, Randy Lavercombe and Ron Reyering have been named winners of the Legacy Award from the International Home Furnishings Representatives Assn.
Sean O’Connor, senior vice president of sales at Universal Furniture, and Brad Miller, vice president of international sales at Hooker Furniture, have joined the board of directors of the Furniture Fellowship, sponsor of the annual Furniture Market Prayer Breakfast held during the April High Point Market.
E-commerce powerhouse Wayfair (NYSE: W) said fourth-quarter revenues shot up 46.2% to $1.44 billion, but its net loss grew by more than 65% due largely to increased advertising costs and greater selling and operating expenses.
Still feeling the effects of the termination of its contract with Mattress Firm last year, mattress producer Tempur Sealy International (NYSE: TPX) reported a 15.9% decline in fourth-quarter sales and a 6% dip in profits.