May 12,
2025 by Karen Parrish in Business Strategy, Industry 
Good’s Furniture & Mattress has been providing the Midwest with high quality products for over 130 years. The family-owned business has recently been selected to receive the coveted Flexsteel “Gallery of the Year” award. This award is presented to regional top-performing Flexsteel dealers who demonstrate excellence in sales, customer service, and presentation of their products. Only three businesses are selected out of a pool of about 1,400.
May 12,
2025 by Karen Parrish in Business Strategy, Industry
As part of its strategy of expanding and enhancing its sales division, luxury bedding manufacturer King Koil has appointed 30-year industry veteran Bob McCarthy to the new role of senior vice president of strategic development.
May 12,
2025 by Karen Parrish in Business Strategy, Industry
Culp, Inc., a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, announced the completion of the sale of its mattress fabric manufacturing facility in Quebec, Canada. The transaction occurred in the first week of the Company’s new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. The purchase price for the facility was CA$8.6 million (USD$6.2 million), with CA$2.0 million (USD$1.4 million) received at closing and the balance to be paid with interest over the course of six to 12 months. The Company currently expects to realize approximately $3.0 to $3.5 million in cash proceeds net of all taxes and commissions, which it intends to use to reduce outstanding debt and enhance financial flexibility.
May 12,
2025 by Karen Parrish in Business Strategy, Industry
Paramount Sleep Company has hired two industry veterans that reveal its intention to grow its hospitality business and ensure its reputation for high quality. Steve Tipton heads up hospitality sales, and Rachael Cordoza leads the company’s quality program.
May 12,
2025 by Karen Parrish in Business Strategy, Industry
National Retail Federation President and CEO Matthew Shay said, “We applaud the U.S. and China for agreeing to a 90-day pause on the 125% reciprocal and retaliatory tariffs. We are encouraged by these constructive negotiations, which provide for a significant de-escalation in the current trade relationship."
May 12,
2025 by Karen Parrish in Business Strategy, Industry
Kirkland's, Inc., a specialty retailer of home décor and furnishings, today announced the closing of a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.
May 11,
2025 by Karen Parrish in Business Strategy, Industry
Green River Group’s US-based case goods furniture operation HH2 Home is relocating their distribution center from Louisville, Kentucky to Northwest Mississippi, expanding into a 500,000+ square-foot warehouse and distribution center formerly operated by Benchcraft.