Historically, March has been the strongest furniture sales month in the first quarter, but in recent years, it has become one of the strongest of the year, according to new data from the U.S. Census Bureau.
Target (NYSE: TGT) offered to buy online mattress powerhouse Casper for $1 billion, but will likely wind up as the lead investor in a new round of funding for the white-hot startup in the next few weeks, according to a report on the technology website Recode.
Restoration Hardware (NYSE: RH) said it is forming a technology company to boost its digital platform and has named Prakash Muppirala president of the new business unit, RH Innovations.
Upholstery producer England Furniture has completed a rebranding that includes a new logo, updated website, and new point-of-purchase signage.
La-Z-Boy (NYSE: LZB) has reorganized its senior leadership team and given new responsibilities to Douglas Collier, Darrell Edwards and Daniel King.
Fine Furniture Design said it has fully converted the finish line in its Shanghai factory to water-based finishes that are environmentally friendly and more durable.
Mattress producer Restonic said its recent national consumer Sleep Survey has generated more than 135 million earned media impressions nationally and is being further promoted with a mattress giveaway on Restonic’s trademarked SleepBlog.