Financial & Business News

May 18, 2023

Are mattress shipments about to spring back? ISPA sees a shift ahead

Mattress shipments in both units and value are expected to decrease in 2023 before making a turn ...

C.H. Robinson
May 17, 2023

More layoffs at C.H. Robinson as it cuts 300 employees

The freight broker giant laid off around 2% of its total workforce last week.

May 16, 2023

Makers & Craftsmen acquires luxury contract furniture maker

Makers & Craftsmen has acquired Royal Custom Designs, a California-based manufacturer of custom-made, luxury contract furniture.

Judicial ruling
May 15, 2023

Judge reduces payout in Manwah, Raffel Systems infringement suit

A federal judge has recently ruled on Manwah's appeal of the jury decision in Raffel Systems LLC suit against Manwah.

Leon's CrossIron Mills cropped
May 11, 2023

LFL maintains profitability in Q1 but falls short of 2022 levels

In issuing the earnings report, president and CEO Mike Walsh called the first quarter "challenging for retailers across Canada."

Home
May 11, 2023

A milestone reached as Millennials cross the home ownership threshold: Where are they buying?

More Millennials now own homes rather than rent. Where are they buying,and are you ready for their furniture shopping?

May 11, 2023

Tempur Sealy sees these 6 benefits to $4 billion Mattress Firm deal

In this week's announcement of the planned acquisition of the industry’s largest sleep retailer, bedding manufacturer Tempur Sealy International outlines six “strategic benefits” of the deal.

Shopify logo
May 10, 2023

Shopify lays off more than 2,000, sells off logistics division

B2B e-commerce platform Shopify has laid off 20% of its workforce.