Some industry players prepare for a rebound post-recession
Aggressive product introductions, store openings offer the potential to gain market share for those willing to take the risk HIGH POINT — Few would describe …
Category: Sales and earnings
Arhaus reports 1.9% increase in Q3 net revenues
Company also reports growth in store footprints with 2 new showrooms opening in Florida and New York this month and 3 new California showrooms opening …
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 …
Ethan Allen reports declines in fiscal Q1 revenues, net income
Company attributes drop in sales to July flooding of plant in Orleans, Vermont, and a slowdown in business DANBURY, Conn. — Ethan Allen Interiors reported …
Noble House Chapter 11 bankruptcy declaration cites familiar industry challenges
Filing describes a host of issues that caused sales to decline and losses to mount dramatically over the past year CHATSWORTH, Calif. — A combination …
August furniture store sales fall 7.8% from last year
Despite the drop, sales activity is still hovering above pre-pandemic levels, including in August 2020 after stores had reopened and demand for furniture started to …
Retailers reflect on Labor Day sales activity
Despite a relatively strong holiday weekend, many are keeping their eye on other economic indicators, namely interest rates and existing home sales HIGH POINT — …
Hooker Furnishings reports declines in Q2 sales, earnings
Results highlight softened demand in the industry and company’s exits from unprofitable segments of the business MARTINSVILLE, N.C. — Hooker Furnishings reported a drop in …
Bassett Furniture anticipates operating and net loss for fiscal Q3
Preliminary results released Sept. 6 show net sales were 26% lower than the same period in 2022 BASSETT, Va. — Upholstery and case goods manufacturer …
