by HFT | Jan 3, 2025 | Business & Policy, Retail
Dover, Delaware — On December 31, the U.S. Bankruptcy Court for the District of Delaware conditionally approved the sale of Big Lots’ assets to Gordon Brothers Retail and transfer to Variety Wholesalers, Inc., a Top 20 home textiles retailer. At a hearing...
by HFT | Dec 31, 2024 | Business & Policy, Home Fashion
HOUSTON— Tempur Sealy International and Mattress Firm have submitted an updated plan, which guarantees the sleep retailer will keep its current percentage of “premium” mattresses from other manufacturers for five years, in response to a judge’s...
by HFT | Dec 31, 2024 | Business & Policy, Retail
Rincon, Puerto Rico– The biggest shareholder in Vera Bradley Inc. , an equity firm, is urging the board of directors to withdraw from the public market through a strategic alliance. According to Fund 1 Investments LLC, the wisest course of action for the business and...
by HFT | Dec 27, 2024 | Business & Policy
New York— Once supported by the boom in home décor during the COVID-19 pandemic, the area rug market is now confronting significant obstacles in practically every aspect of its operations. As a result of ongoing inflation, political unpredictability, and rising prices...
by HFT | Dec 24, 2024 | Home Fashion, Home Textile, Retail
Seattle— One of the top 20 home textiles retailers in the United States, Nordstrom Inc., is preparing to go private. Members of the Nodstrom family and El Puerto de Liverpool (Liverpool), a Mexican omnichannel retailer that runs 310 stores under the Liverpool and...
