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Specialty Retail Homefurnishing Retail

  • Feb 23- Activist investment fund Engaged Capital LLC on Thursday nominated five members to Rent-A-Center Inc's board, just a week after it urged the furniture retailer to explore strategic alternatives, including a sale. Engaged Capital, which has a 12.9 percent stake in Rent-A- Center, said it was concerned that the company's board and management could take...

  • COPENHAGEN, Denmark— Swedish furniture retailer Ikea has apologized for a catalog aimed at Israel's ultra-Orthodox Jewish community that contains no images of women. IKEA spokeswoman Josefin Thorell says the catalog "is not something that has gone through us," adding "we have been very clear that this is not what the Ikea brand stands for." Israel's...

  • Feb 14- Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a sale. They had gained as much as 5.3 percent after Engaged Capital's letter. The company's shares have declined 75 percent over two years under the current board, Engaged Capital said.

  • Feb 14- Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a potential sale of the company. Rent-A-Center's shares have declined 75 percent over two years under the current board, Engaged Capital said. Even under a favorable operating environment,...

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • A new IKEA store under construction in Florida. The furniture giant said Monday that after the three deaths of three children it is no longer selling its "Malm" series products.

    The furniture retail giant explains to CNBC its U.S. growth strategy.

  • Stanley Black & Decker to pay $900M for Sears' Craftsman brand

    The power tool maker says it will buy Sears' Craftsman brand for $900 million in cash.

  • *Expanding in fast-growing eastern Europe. Steinhoff, on its own spending spree for no-frills furniture and general merchandise assets in Europe, bought Poundland for $800 million, a deal analysts said would be a prelude to an overhaul at the British retailer. "Management is quite confident that a multi-pricepoint and a different mix of product is definitely...

  • Black Friday first step in battle of retail holiday push: Strategist

    Kevin Quigg, chief strategist at ACSI Funds, discusses which retailers he believes look set to do well as holiday shopping season gets underway.

  • Customers shopping in Ikea

    A fourth child fatality has been associated with one of the MALM chests included in Ikea's recall of 29 million chests and drawers.

  • Joe Kernen

    CNBC's Joe Kernen took the lead from his wife when it came to revamping her childhood home for their own modern family, Architectural Digest reports.

  • Michael Polk CEO of Newell Brands

    Jim Cramer is joined by Newell Brands CEO Michael Polk to discuss the long-term vision of the company.

  • Rachael Ray

    The entrepreneur's new furniture line is sourced from the U.S. and mostly made in America to help bring skilled jobs back.

  • Samsung has another problem on its hands

    US regulators warn of potential safety issues with some top-loading Samsung washing machines.

  • STOCKHOLM, Sept 13- IKEA Group reported record annual sales on Tuesday, including a 30 percent leap in online revenues after the Swedish budget furniture retailer belatedly embraced e-commerce. IKEA Group, which owns most IKEA stores worldwide, said sales in the 12 months through August rose 7 percent from the year before to 34.2 billion euros.

  • CHICAGO, Sept 8- The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers. United Parcel Service Inc said on Thursday it is seeing a bump in demand for its freight services and is working with...

  • *Deal cuts Steinhoff exposure to South Africa, jacks up debt. JOHANNESBURG, Sept 7- As the winner of several big horse races in South Africa, Variety Club's local dominance was never in doubt. Now, aiming to replace IKEA as the world's biggest furniture retailer, Jooste is venturing into the United States with the $3.8 billion acquisition last month of Houston- based...

  • JOHANNESBURG, Aug 31- South African furniture retailer Steinhoff saw full-year revenue rise by a third as the company, which is buying the United States' Mattress Firm and Britain's Poundland, said its European business had performed strongly. The $25 billion company, which sells low-priced beds and cupboards in Europe, southern Africa and Asia, said revenue...

  • Remodeling spending to reach all-time high?

    A new report forecasts home remodeling this year will top records set during the housing boom. CNBC's Brian Sullivan discusses. Robert Wetenhall, RBC Capital Markets Homebuilding and Building Products analyst, and Todd Tomalak, John Burns Consulting VP, weigh in.

  • Steinhoff to buy Sleepy's owner Mattress Firm for $2.4B

    The deal would create the biggest mattress retail distribution company in the world.