Paced by its Home Meridian division, Hooker Furniture (NASDAQ: HOFT) reported double-digit sales and profit increases for the quarter ended July 30.
Furniture and bedding components supplier Leggett & Platt (NYSE: LEG) has reduced its 2017 earnings projections, citing rising steel costs, changes in inventory accounting and weak consumer demand for furniture and bedding.
Longtime mattress industry executive David Binke, who has been CEO of E.S. Kluft & Co. since 2015, has stepped down from that post to join King Koil as its new CEO.
Retailer Conn’s Inc. (NASDAQ: CONN) returned to profitability in the quarter ended July 31, registering net income of $4.27 million or 14 cents per share despite a 7.9% decline in revenues and a 15.1% drop in same-store sales.
RH (NYSE: RH) swung to a net loss of $7.86 million or 28 cents per share in its second fiscal quarter, but the retailer boosted its revenue and earnings estimates for the fiscal year due to the positive impact of several initiatives taken during the past year.
Ameriwood Furniture has recalled 1.6 million chests of drawers from its Mainstays collection because of a serious tip-over and entrapment hazard for children.
Blue Bell Mattress, a Hartford, Conn.-based licensee of the King Koil and Natura brands, has been sold to an affiliate of the private equity firm Landon Capital Partners.