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From Home Furnishing Business

Havertys Q2 Sales Rise 1.1% Despite Drop in Store Traffic

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.

Custom Upholstery, Retail Stores Help Bassett Q2 Sales, Profits

BassettBuoyed 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.

Culp to Change NYSE Ticker Symbol on July 13

Culp LogoFabric 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.

Sears Canada Seeks Protection from Creditors

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.

La-Z-Boy Sees Profit Increase Despite Sales Decline

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.

Havertys Reports Soft Second-Quarter Business

Havertys LogoExcept 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.

Mattress Firm Deal Helps Drive 48% Revenue Jump at Steinhoff

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.

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