LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (Nasdaq: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the closing of its best-efforts public offering of 9,836,054 shares of common stock (the “Common Stock”) and 19,672,108 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share of Common St ...

Ikea will open its first store in New Zealand in December, offering its flat-pack furniture and Swedish meatballs in largest city Auckland some 50 years after it entered neighboring Australia https://t.co/bLo3vGxQx7 ...

LOS ANGELES, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-headquartered innovative designer and marketer of contemporary styled furniture, today announced the pricing of its best-efforts public offering of up to 9,522,393 shares of common stock (the “Common Stock”) and up to 19,044,786 warrants (the “Warrants”) to purchase Common Stock (including shares of Common Stock underlying warrants) at a public offering price of $0.915. Each share ...

Ikea pledged to keep prices lower at its China stores, as the world’s largest furniture retailer courts thriftier buyers and seeks to fend off competition from local rivals https://t.co/h20uUEgGUG ...

Core Insights - Leggett & Platt, Incorporated (LEG) has completed the sale of its Aerospace Products Group to Tinicum Incorporated, generating approximately $250 million in after-tax proceeds [1][9] - The sale aims to streamline operations, reduce exposure to volatile markets, and reinforce LEG's strategic priorities, allowing for a more focused business portfolio [2][3] Business Restructuring - The Aerospace Products business generated $190 million in net trade sales in 2024 but was considered non-core to LEG's main segments, which include bedding, furniture, flooring, and textiles [3][4] - The divestiture allows LEG to reallocate resources towards higher-growth opportunities within its core segments [4] Financial Impact - Following the divestiture, LEG updated its full-year 2025 guidance, projecting sales between $3.9 billion and $4.2 billion, down from a previous range of $4.0 billion to $4.3 billion [7] - Adjusted EPS guidance was lowered to $0.95-$1.15 from $1.00-$1.20, with an implied adjusted EBIT margin expected to be between 6.3% and 6.7%, a decline from the previous range of 6.5% to 6.9% [7] Operational Adjustments - The company is consolidating its bedding and furniture operations, planning to reduce its plant count from 50 to 30-35 and cut its workforce by up to 1,100 [5] - Proceeds from the sale are expected to be used to pay down debt and strengthen the balance sheet, aligning with the company's goal to enhance financial flexibility and improve margins [6][12] Market Performance - Shares of LEG declined by 1.2% on the day of the announcement, although the stock has gained 10.2% over the past three months, underperforming the Zacks Furniture industry's 13.2% rise [2][8] - The company reported revenues of $1.06 billion in Q2 2025, down 6.3% year-over-year, with adjusted EBIT rising to $76 million and adjusted EPS growing 3% to $0.30 [11]

证券代码：603816 证券简称：顾家家居 公告编号：2025-069 顾家家居股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 投资标的名称：顾家家居印尼自建基地项目 ? 投资金额：预计总投资112,372.85万元人民币 ? 特别风险提示： 买协议，土地的取得及取得土地的面积均存在一定的不确定性。 存在一定的不确定性。 较大差异，印尼的外贸形势及进出口政策也可能发生变动，存在一定的 风险。 一、对外投资概述 （一）对外投资的基本情况 顾家家居股份有限公司（以下简称"顾家家居"或"公司"）为落实国际化 战略，加大市场辐射的深度和广度，拟使用人民币 112,372.85 万元投资建设顾 家家居印尼自建基地项目（以下简称"本项目"）。后续，公司将在印尼注册全 资或控股的具有独立法人资格的项目生产和销售公司作为本项目实施主体。 序号 投资内容 投资金额（万元） 占比 合 计 112,372.85 100.00% 备注：以上为人民币口径测算，实际项目执行时按照印尼盾进行交易支付，故与实际支 付会有汇率 ...

Company Overview - Hooker Furnishings Corporation is in its 101st year of business, specializing in the design, marketing, and import of various furniture types including casegoods, leather, and fabric-upholstered furniture, as well as lighting and home décor for residential, hospitality, and contract markets [4] - The company also manufactures premium residential custom leather and fabric-upholstered furniture domestically, along with outdoor furniture [4] - Major product categories include home entertainment, home office, accent, dining, and bedroom furniture, primarily sold under the Hooker Furniture brand [4] Product Lines - Hooker's residential upholstered seating includes brands such as Bradington-Young, HF Custom, Hooker Upholstery, and Shenandoah Furniture, targeting the upper-medium price range [4] - The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities [4] - Home Meridian division offers moderate price point products through brands like Pulaski Furniture, Samuel Lawrence Furniture, and Prime Resources International [4] Financial Information - The fiscal year 2026 second quarter for Hooker Furnishings began on May 5, 2025, and ended on August 3, 2025 [3] - The company will present its fiscal 2026 second quarter financial results via teleconference and live internet webcast on September 11, 2025, at 9:00 AM Eastern Time [1][2]

MARTINSVILLE, Va., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2026 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 11, 2025 at 9:00 AM Eastern Time. A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://investors.hookerfurnishings.com/events and archived for replay. To access the call by phone, participants should go to this l ...

STAMFORD, Conn., Aug. 27, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac" or the "Company"), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that Alan Boehme has been appointed to the Board of Directors, effective August 27, 2025. Andrew Heyer, Chairman of the Board of Directors, stated, "We are thrilled to welcome Alan to our Board. His exceptional track record of driving digital transformation, operatio ...

If we wipe out an industry in this country because it's cheaper to make the stuff overseas, is that a national security risk or are we just nostalgic for a different time when America was still a manufacturing powerhouse. Last week, the president talked about an ongoing 232 investigation, making it furniture, 232, mind you, being a national security kind of tariff president has control over. The president's apparently worried about supply chain risk for furniture, something it seems a little strange, but we ...