Up Close Archives - Page 174 of 183

Pandemic performance: How COVID has impacted the fabric business

Note: This story appeared first in Casual News Now, HNN’s sister website and newsletter for the casual home furnishings industry launched Thursday. Click here to …

Blog: M&A activity in the furniture industry back in full boom

Acceleration of e-commerce adoption, demand for domestic upholstery and domestic capacity are among the drivers By Bo Stump CHARLOTTE, N.C. — 2020 will go down …

December Furniture store sales jump 3.1%

WASHINGTON — Sales for U.S. furniture and home furnishings stores finished the year on a high note, up 3.1% from the same period a year …

Avalon exec establishes GoFundMe for injured Mike Hyde

JACKSON, Miss. — Mike Hyde, a well-known industry sales rep to key accounts and former co-owner of Seminole Furniture, was partially paralyzed in a Jeep …

What will 2021 hold? Casual industry leaders weigh in

Note: This story appeared first in Casual News Now, HNN’s sister website and newsletter for the casual home furnishings industry launched Thursday. Click here to …

Blog: A familiar end to this Loves affair?

Back in May, Matt Damiani (then CEO of Loves Furniture & Mattresses) told me the new Michigan-based chain was not going to be “Art Van …

Loves Furniture files for bankruptcy

Loves Furniture & Mattresses filed for Chapter 11 bankruptcy protection late Wednesday and is preparing to liquidate its remaining stores.

Furniture Mart USA CEO Heinitz retires

Veteran leadership succession team announced but the CEO post remains open SIOUX FALLS, S.D. — Jim Heinitz, CEO of Furniture Mart USA, retired from the …

Rent-A-Center to fuel virtual lease-to-own growth with $1.65B Acima acquisition

Rent-A-Center announced plans to acquire virtual lease-to-own company Acima Holdings in a $1.65 billion deal expected to propel its Preferred Lease business past $2 billion in annual revenues and its overall revenue past $4 billion.