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From Home Furnishing Business

Kim Yost Announces Retirement from Art Van

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.

Décor-Rest to Open New HP Showroom; Add Motion, Dining Room

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.

Market Authority, ASID Set High Point Seminar Schedule

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.

IHFRA Names Legacy Rep Award Winners

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.

O’Connor, Miller Join Furniture Fellowship Board of Directors

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.

Wayfair Q4 Revenues Leap 46.2%, but Net Loss Widens

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.

Tempur Sealy Reports Lower Q4 Sales, Profits

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.

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