Tag Archives: retail

Bassett Q2 Net Climbs 30.6 Percent

Bassett

BASSETT, Va.-Thanks to sales gains from both its wholesale and retail operations, Bassett Furniture Industries posted a 30.6 percent jump in second-quarter net income, to $2.6 million. Total net sales in the quarter, which ended on May 31, increased 4.9 percent to $85.2 million. Sales in the wholesale segment rose 4.3 percent, with shipments toMore »

HFN App Available Now

HFN app

NEW YORK–Download the new HFN app from the iTunes App Store and start receiving all of your Home Furnishings News on your iPhone, iPad or iPod Touch.  https://itunes.apple.com/us/app/hfn/id793939640?mt=8

Ikea FY Net Up; U.S. Same-Store Sales Climb

IKEA

CONSHOHOCKEN, Pa.-In an atmosphere of healthier consumer spending, Ikea posted a 3.1 percent increase in overall net income for fiscal-year 2013, to €3.3 billion ($4.2 billion). The home furnishings retailer said improved consumer spending fueled its results in several international markets—including the United States, where same-store sales for the fiscal year rose 6.7 percent. IkeaMore »