Bassett outlines retail strategy heading into 2023
Latest quarterly report illustrates the strength and positioning of company’s retail segment now and in the months ahead BASSETT, Va. — In its latest results …
Category: Sales and earnings
Bassett reports increases in Q3 sales, earnings
Double-digit gains in retail, upholstery sales drive business during the quarter BASSETT, Va. — Bassett Furniture Industries reported consolidated net sales of $118 million for …
August furniture store sales slip 1.6% YOY, down 1.3% from July
WASHINGTON — Furniture and home furnishings store sales finally hit the wall last month, down 1.6% from August a year ago, according to the U.S. …
Hooker Furnishings reveals path forward for challenged Home Meridian segment
Conference call highlights some key initiatives to help boost sales, profitability of key division MARTINSVILLE, Va. — Hooker’s latest earnings call provided a window into …
Hooker Furnishings reports fiscal Q2 declines in sales, earnings
Company outlook for second half remains positive due to improvements in Asian supply chain MARTINSVILLE, Va. — Hooker Furnishings reported second fiscal quarter consolidated net …
Flexsteel reports drop in Q4 sales, earnings
Sales for full year rose 13.6%, while net income faltered DUBUQUE, Iowa – Full-line furniture resource Flexsteel reported a drop in sales and earnings for …
La-Z-Boy posts record Q1 sales, operating income
MONROE, Mich. – La-Z-Boy reported record consolidated first quarter sales of $604 million and record first quarter operating income of $52.6 million. Consolidated sales during …
High inventories, drop in consumer demand hit home at Dorel Industries
Company reports drop in Q2 sales, earnings due to marketplace challenges MONTREAL — The results of Dorel Industries’ latest earnings report for the second quarter …
Furniture stores sales edge up 2.1% in July
WASHINGTON — Furniture retailers appear to have made just a little progress unloading heavy inventories last month. Sales at U.S furniture and home furnishings stores …
Putting the recession in perspective
Guest columnist Tim Stump considers the challenges alongside many of the positives in today’s economy. Recession is defined as two consecutive quarters of negative GDP …
