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 …
Tag: Up Close
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.
Blog: Has time and COVID made furniture markets obsolete?
Therapedic International’s CEO says the pandemic has opened eyes to both the value and under-utilization of market showrooms.
Glen Raven invests in major expansion
Glen Raven is devoting more than $65 million to create additional capacity and support ongoing sustainability initiatives. BURLINGTON, N.C. — Glen Raven Custom Fabrics announced …
7 tools to gauge the direction of the economy and 1 thought on rising ransomware attacks
CPA and author Gene Marks says government statistics are politicized and lagging, and economists don’t have all the answers, either SAN DIEGO — Columnist, author …
Loves Furniture consolidating footprint again
Loves Furniture & Mattresses will close a dozen stores early next year, consolidating its footprint down to 13 stores primarily in its core Detroit and Grand Rapids, Mich., markets.
Retailers, suppliers cautiously optimistic about 2021
A panel of retailers, manufacturers and suppliers shared insights on navigating the new normal of pandemic business As the COVID-19 pandemic has brought a mixed …
City Furniture sets sights on Tampa
The Florida retailer will build a massive distribution center and open 3-4 stores in the market as it enters its largest ever expansion phase.
Designer business, upholstery expansion help Universal thrive during COVID
CONOVER, N.C. — Four years ago, the team at Universal Furniture had no idea their upholstery division would one day help them weather the storm …
Blog: Takeaways from RH’s Q3 earnings blowout
RH may have no peers, but there’s hope for the furniture industry in its upbeat outlook and take on well-executed stores.
