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From Home Furnishing Business

FastFact: Furniture, Bedding Sales Jump 2.6% in Q4

Fourth-quarter furniture and bedding sales were 2.6% ahead of the previous year's fourth quarter, continuing a slow, steady growth track, according to the latest research from Impact Consulting Services, parent company of Home Furnishings Business.

HHGregg Files for Chapter 11 Bankruptcy Protection

Furniture, electronics and appliance retailer HHGregg (OTC: HGGG), which last week announced it is closing 88 stores and eliminating about 1,500 jobs, has filed for Chapter 11 bankruptcy protection.

Pier 1 Eyes Better-Than-Expected Q4 Earnings

Pier 1 Imports (NYSE: PIR) said fiscal fourth-quarter sales declined about 2.6%, and the retailer said it expects to have earnings per share of 31 cents to 33 cents.

Despite Tough Q4, Big Lots Sees Sales, Profit Hikes for Year

Despite a difficult fourth quarter, discount retailer Big Lots (NYSE: BIG) said net income rose 7% for the fiscal year ended Jan. 28 as sales inched up 0.2%.

Rent-A-Center Same-Store Sales Fall 11.5% in January

In its first monthly release of key operating metrics, Rent-A-Center (NASDAQ:RCII) said same-store sales fell 11.5% at its core U.S. stores in January, but rose 2.5% for its Acceptance Now business that provides rent-to-own financing for traditional retailers.

Culp Records Profit Hike Despite Sales Decline

Upholstery and mattress fabric supplier Culp Inc. (NYSE: CFI) recorded a profit of $6.3 million or 51 cents per share in the quarter ended Jan. 31 as sales dipped 2.9%.

NYSE Halts Trading of HHGregg Stock; Shares to be De-Listed

Struggling retailer HHGregg said the New York Stock Exchange suspended trading of its stock at the close of business Monday, and it expects the stock to be de-listed.

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