Big Lots reports declines in Q2, 1st-half sales
Retailer slightly narrows net loss during the same periods, while also reporting $556.1 million in debt which its earnings statement described as in “default and …
Author: Thomas Russell
Home News Now Editor-in-Chief Thomas Russell has covered the furniture industry for 25 years at various daily and weekly consumer and trade publications. He can be reached at tom@homenewsnow.com and at 336-508-4616.
Court OKs 1st-day motions to support Big Lots’ ongoing operations
Funding also allows company to continue paying employee wages and benefits while its Chapter 11 bankruptcy and planned sale of assets and operations play out …
Legacy Classic | Modern launches youth and teen bedroom mixing program
HIGH POINT — Case goods and upholstery resource Legacy Classic | Modern is launching a new youth and teen bedroom mixing program from its Vietnam …
Labor Day sales highlight challenges, opportunities in different markets
Pockets of strong housing development, relocations help boost fortunes of some retailers HIGH POINT — As expected, Labor Day received mixed reviews from retailers around …
Hooker Furnishings reveals further details on layoffs, cost reductions
Earnings call also offers insights into recent successes including performance at Sunset West, plus first quarterly increase in 2 years at Home Meridian division MARTINSVILLE, …
Kindel Furniture acquired by Holladay Design House
Company will be renamed Kindel Karges, reflecting key brands in its portfolio GRAND RAPIDS, Mich. — Luxury furniture manufacturer Kindel Furniture has been acquired by …
Big Lots bankruptcy filing identifies Top 30 unsecured creditors
COLUMBUS, Ohio — The Top 30 unsecured creditors in Big Lots’ Chapter 11 bankruptcy have just over $74 million in claims, according to documents filed …
Big Lots files for Chapter 11 bankruptcy protection
Affiliate of Nexus Capital Management identified as stalking horse bidder to acquire company assets and business operations COLUMBUS, Ohio — Retailer Big Lots has filed …
Bookshelf recall highlights dangers of unstable shelf storage units
Height and weight of such units warrants anchoring them to the wall to avoid tip-over incidents HIGH POINT — Earlier this year, a good friend …
Nicole Bailey named president of Taylor King
She fills a role previously held by Del Starnes, who is retiring after 21 years as president TAYLORSVILLE, N.C. — Luxury upholstery manufacturer Taylor King …
