MOSCOW, Dec 18- IKEA, the world's biggest furniture retailer, said on Thursday it had temporarily stopped sales of kitchen furniture and appliances because it could not meet increased demand. Russians, worried about the collapse in the rouble, have rushed to buy durable goods such as cars and electronics before prices rise and their savings devalue as the rouble...» Read More
HARLAN, Ky.— The rest of the house is just waking as Scottie Sizemore plops down in a rocking chair on his front porch with a cup of coffee. Sizemore is the fourth generation of his family to mine coal in the hills of Harlan County. A thought on many people's minds is captured in a display in the windows of a vacant furniture store up the road in the once bustling town of...
*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...
Home Depot's earnings report coverage on Tuesday morning caused confusion among various news publications. What happened?
OSLO, Oct 13- IKEA Group, the world's biggest furniture retailer, may introduce an internal carbon emissions price to help its drive to protect the environment and create a "new and better" company, chief executive Peter Agnefjall said. After attending a U.N. summit on climate change in New York on Sept. 23, Agnefjall said the Swedish furniture giant will consider...
Oct 2- Wayfair Inc's shares rose as much as 27 percent in their market debut on Thursday, valuing the online home furnishings retailer at about $3.06 billion. The company's debut comes after the blockbuster listing of Chinese e-commerce juggernaut Alibaba Group Holding Ltd in New York and the strong debut of Europe's largest online fashion retailer Zalando...
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.
Some brands make such an impression that the notion of them dissolving is unthinkable. Click ahead to see iconic brands that have vanished.
In their panic to compete, brick-and-mortar stores overlook what really matters to their customers—service, according to a Gallup poll.
The company reported a loss of 1 cent a share on revenue of $758 million.
Domestic goddess Martha Stewart brought some baked goods and optimism on a day the stock market was slammed.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.