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From Home Furnishing Business

Brooklyn Bedding and Helix Sleep Announce Greenguard Certification Across Lines

Brooklyn Bedding, manufacturer and retailer, and Helix Sleep, the direct-to-consumer sleep brand, announced that each brand has earned GREENGUARD Gold Certifications across their entire mattress lineups.

Ikea Closes in NY City Borough, Plans to Open in Manhattan

IKEA U.S. will be closing their Queens location at the Rego Center to customers effective Dec. 3, having opened approximately two years ago in Jan. 2021.

British Online Retailer Suspends Orders Due to Buyout Failure, Supply Chain Issues

According to Reuters, British online furniture retailer suspended taking customer orders on Wednesday after talks to find a buyer failed, pushing the group towards administration.

RXO Set to Join S&P After Spinoff from XPO on Nov. 1

RXO Inc. will be added to the S&P MidCap 400 prior to the opening of trading on Nov. 1, replacing Bread Financial Holdings Inc. which will move to the S&P SmallCap 600 effective prior to the opening of trading on Nov. 2.

Ankura Consulting Publishes Holiday Shopping and Spending Survey for 2022

Ankura Consulting, LLC, a global services and advisory firm, published the results of its 2022 Holiday Consumer Spending Survey conducted by its Performance Improvement Practice. The survey, which polled 1,042 individuals across the United States, reveals key insights for retailers and the U.S. economy.

Overstock Ends Third Quarter Strong, with Revenue Highlights

Overstock .com, Inc. reported financial results for the third quarter ended, Sept. 30. Their total net revenue was reported as $460 million, a decrease of 33% year over year. Their gross profit was $107 million, or 23.3% of total net revenue.

Mattress Brand Sealy Introduces FlexGrid™ Collection Featuring Proprietary Technology

Tempur Sealy International, Inc. announced that Sealy® mattress brand is introducing Sealy® FlexGrid™, a new mattress collection that features a proprietary and new hyper-elastic polymer pressure-relieving layer.

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