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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.

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 …