*Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...» Read More
Oct 2- Wayfair Inc's shares rose as much as 26 percent in their market debut on Thursday, valuing the online home furnishings retailer at about $3 billion. The stock opened at $36 and hit a high of $36.50 on the New York Stock Exchange. Goldman Sachs& Co, BofA Merrill Lynch and Citigroup are among the underwriters for the offering.
Sept 23- Home furnishings retailer Bed Bath& Beyond Inc reported better-than-expected quarterly revenue as increased discounting and promotions helped attract more shoppers to its stores.
Sept 23- Home furnishings retailer Bed Bath& Beyond Inc reported a 4.3 percent jump in quarterly sales as increased discounting and promotions helped attract more shoppers to its stores. The company's net earnings fell to $224.0 million, or $1.17 per share, from $249.3 million, or $1.16 per share. Bed Bath& Beyond's shares closed at $62.69 on the Nasdaq on Tuesday.
Sept 19- Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25- $28 per share, valuing the company at $2.32 billion at the top end of the range. It counts funds affiliated with Great Hill Partners, Battery Ventures and HarbourVest Partners among its stockholders.
Aug 15- Online home-furnishings retailer Wayfair Inc is seeking to raise $350 million in an initial public offering of its Class A common stock, the company said in a regulatory filing on Friday.
Aug 15- Online home-furnishings retailer Wayfair Inc filed for an initial public offering of its Class A common stock, the company said in a regulatory filing with the U.S. Securities and Exchange Commission on Friday. Wayfair, which filed to raise $350 million from the offering, said it intends to list its shares on the New York Stock Exchange under the symbol "W".
The stronger-than-expected quarterly results have some analysts convinced that the retailer's turnaround is finally taking hold.
July 21- Rent-to-own home furniture retailer Rent-A-Center Inc cut its full-year forecast for revenue and profit, saying it expected demand to remain weak, sending its shares down as much as 2 percent in extended trade. Rival Pier 1 Imports Inc reported lower-than-expected profit for the quarter ended May 31 and cut its full-year profit outlook last month.
July 21- Rent-to-own home furniture retailer Rent-A-Center Inc reduced its full-year forecast for revenue and profit, saying it expected demand to remain soft. Rent-A-Center Inc shares were down 2 percent in extended trading, after the company also reported second-quarter sales and profit in line with the lower-than-expected estimates it gave last week.
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