Havertys Furniture reports drop in Q3 revenues, earnings
However, the retailer remains profitable, with an increase in gross profit margins that rose to 60.8% compared to 57.1% last year ATLANTA — Havertys Furniture …
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.
GigaCloud completes acquisition of Noble House Home Furnishings LLC
Purchase aims to bolster GigaCloud’s portfolio and position in the global furniture industry LOS ANGELES — GigaCloud Technology, which specializes in AI-enabled furniture sourcing and …
Wayfair reports 3.7% increase in Q3 net revenues
Company also narrows net loss to $163 million from $283 million last year BOSTON — Wayfair Inc. reported a 3.7% increase in total net revenues …
Flexsteel reports 1.1% drop in net sales for fiscal Q1
Net income, gross margin rise due to expense controls, other cost savings initiatives DUBUQUE, Iowa — Full-line furniture resource Flexsteel Industries reported a slight decrease …
Executive insights: What to expect in the coming months
High Point Market interviews reveal reaction at market and how this bodes for the rest of the year heading into 2024 HIGH POINT — Conversations …
Latest Overstock results reveal challenges, opportunities in the retail sector
Despite decreases in revenues, company has gained 300,000 new customers in the past quarter following acquisition of Bed Bath & Beyond MIDVALE, Utah — Overstock’s …
Consumer confidence falls again in September
Fears of a recession continue to rise amid high interest rates, rising prices WASHINGTON — Consumer confidence fell again in September, the Conference Board reported …
Home Depot promotes 2 to senior leadership roles
Ann-Marie Campbell named senior executive VP; Hector Padilla named executive VP, US stores ATLANTA — HNN 125 retailer Home Depot has named Ann-Marie Campbell senior …
Charlie Eitel steps down as SSB CEO after 4 months
Mark Genender, board chairman, named interim CEO as company begins search for new executive DORAVILLE, Ga. — Serta Simmons Bedding LLC announced today that board …
September existing home sales fell 15.4% from last year
All four regions of the U.S. experienced year-over-year declines WASHINGTON — Year-over-year and month-over-month existing home sales fell again in September as home prices continue …
