Atlanta-based Havertys (NYSE: HVT) said second-quarter sales edged up 1.1% to $196.8 million as the retailer continued to see increases in its custom upholstery and accessories businesses.
Buoyed by its custom upholstery business and improvements at company-owned retail stores, Bassett Furniture Inds. (NASDAQ: BSET) said sales and profits were higher in the quarter ended May 27.
Fabric supplier Culp Inc. said it will change its New York Stock Exchange ticker symbol from “CFI” to “CULP,” effective with the start of trading on July 13.
Struggling retailer Sears Canada said Thursday it has filed for protection from creditors under the Companies’ Creditors Arrangement Act in order to continue restructuring its business.
Despite slight sales declines in the fourth fiscal quarter and fiscal year that ended April 29, La-Z-Boy (NYSE: LZB) had higher profits for both reporting periods due to operational improvements and increased sales of higher margin goods.
Except for a solid Memorial Day weekend, second-quarter business at Havertys (NYSE: HVT) has been soft, the retailer said in a sales update in preparation for meetings with institutional investors this week.
Steinhoff International, the South African retail conglomerate that acquired Mattress Firm last year, said revenues shot up 48% to $10.17 billion euros (about $11.45 million) in the six months ended March 31 – the first half of its fiscal year.