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A judge in Portland, Maine has upheld a jury verdict that awarded $7.3 million in damages for emotional distress to a furniture and bedding retailer who contended he was double-crossed by a law firm he hired, according to a report in The Portland Press Herald. Peter Redman, who now operates Priceless Mattress & Furniture in . . . → Read More: Bedding Retailer’s Emotional Distress Case Upheld Case goods resource Stanley Furniture recorded a fourth-quarter net loss of $8.3 million as sales tumbled more than 30%. The loss, which equals 73 cents per share, was well above the loss in the fourth quarter of 2009, when the company lost $1.28 million, or 12 cents per share. The most recent quarter included $1.56 . . . → Read More: Stanley Furniture: 4Q Sales Down 30%, Loses $8.3 Million Ethan Allen reported a $14.7 million profit in the quarter ended Dec. 31 from a loss a year earlier as sales rose 21% to $173.3 million, the manufacturer and retailer reported. The company’s profit in the quarter, the second of its fiscal year, compared with a loss of $3.3 million in the same period a . . . → Read More: Ethan Allen Sales Up 21% in Second Quarter Ikea Group’s worldwide profit rose 6.1% in its 2010 fiscal year to 2.69 billion euros ($3.6 billion), according to a post on its website. The privately held global home furnishings giant – a Top 100 company in the U.S. – said its sales for the year ended Aug. 31 increased 7.7% to 23.5 billion euros . . . → Read More: Ikea Profit Up 6.1% in 2010 The mattress, it turns out, really does matter when it comes to getting a good night’s sleep. But finding that right mattress is not easy. Those were two of the key findings revealed at a high-powered Sleep Summit hosted by officials of the Sleep to Live Institute, a sleep research center in Joplin, MO. Institute . . . → Read More: Researchers Say Right Mattress is Important for Good Sleep |
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