WASHINGTON— U.S. businesses stockpiled more goods in warehouses and on store shelves in January, while sales growth slowed. The Commerce Department says business inventories increased by a seasonally adjusted 0.3 percent in January from the previous month. Stockpiles rose sharply at auto dealers and furniture stores.
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...
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...
The furniture retail giant explains to CNBC its U.S. growth strategy.
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...
Kevin Quigg, chief strategist at ACSI Funds, discusses which retailers he believes look set to do well as holiday shopping season gets underway.
A fourth child fatality has been associated with one of the MALM chests included in Ikea's recall of 29 million chests and drawers.
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.
Jim Cramer is joined by Newell Brands CEO Michael Polk to discuss the long-term vision of the company.
The entrepreneur's new furniture line is sourced from the U.S. and mostly made in America to help bring skilled jobs back.
US regulators warn of potential safety issues with some top-loading Samsung washing machines.
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.
The deal would create the biggest mattress retail distribution company in the world.
Steinhoff International will buy Mattress Firm Holding, the largest specialty bedding retailer in the U.S. for $3.8 billion.
At Home failed to sustain a big IPO pop in trade on Thursday.
IKEA will recall its Malm dressers in China, the consumer watchdog said, just days after the Swedish company was accused of "double standards."
IKEA is recalling almost 36 million chests and dressers in the U.S. and Canada that have been linked to the deaths of six children.