La-Z-Boy (NYSE: LZB) said sales rose 4.8% in the opening quarter of its fiscal year, but profits fell more than 15% due largely to lower operating margins in its upholstery segment.
A person’s marital status is a major factor in determining whether Americans move, and new data from the U.S. Census Bureau shows that 37.4% of those who moved from 2015 to 2016 were never married.
Upholstery and case goods resource Flexsteel Inds. (NASDAQ: FLXS) said sales and earnings fell slightly in the fourth fiscal quarter and fiscal year that ended June 30 as the company reorganized parts of its business and eliminated some products from its portfolio.
A record low 11.2% of Americans moved to a new residence from 2015 to 2016, continuing a steady decline in mobility rates that has been evident since the 1950s, according to data from the U.S. Census Bureau.
E-commerce powerhouse Overstock.com (NASDAQ: OSTK) may spin off Medici Ventures, its money-losing unit that supports trading platforms for digital currencies such as Bitcoin, according to a report by Bloomberg News.
Three-quarters of the furniture retailers surveyed at the recent Las Vegas Market said their business met or exceeded expectations in the first half of the year, and about one-third are expecting an increase in the second half.
Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other furniture and accessories brands, said sales slipped 1% in the second quarter, but the company reversed a net loss by recording a profit of $560,000 or 2 cents per share.