On March 19, 2026, it was reported, Furniture Fair is expanding into the Lexington, Ky., market via its acquisition of Burke Furniture. The transition marks Furniture Fair's first acquisition of an existing retail operation and represents a significant step in the company's long-term regional growth strategy. With the acquisition, the retailer has a presence in its hometown of Cincinnati as well as Dayton, Ohio; Indianapolis; Louisville, Ky.; and now, Lexington. Furniture Fair leadership emphasized that maintaining continuity for customers and employees is a top priority. Many Burke Furniture team members are expected to remain with the organization as the transition progresses. "This acquisition allows us to grow in a thoughtful way," Daniels said. "While acquiring an established operation brings efficiencies, it also presents new challenges. We are confident in our team's ability to make this transition successful." The acquisition involved five years of planning and around a year of negotiations. The deal was finalized earlier this week, and the Lexington location is expected to reopen under the Furniture Fair brand later this year.
On March 19, 2026, it was reported, when High Point Market opens in a few weeks, Magnussen Home will make its first appearance as Banner House, a new corporate identity that encapsulates a growing portfolio of furniture brands. Debuting in a new 91,000-square-foot showroom in 220 Elm, the Banner House product offerings include Magnussen Home, as well as Pulaski Furniture and Samuel Lawrence Furniture, two brands acquired in late 2025. Magnussen Home agrees to acquire 2 former HMI brands Magnussen execs outline strategy for Samuel Lawrence, Pulaski acquisition Banner House is coming to High Point Market with a mix of product introductions across all three brands. In the bedroom category, Pulaski will have nine new groups, Magnussen will have 14, and Samuel Lawrence will debut five groups. In the dining category, Magnussen will debut 10 groups, while Pulaski and Samuel Lawrence will add four and one, respectively. In occasional furniture, Magnussen will introduce 25 collections. Page Wilson, senior vice president of Pulaski and Samuel Lawrence brands, will direct the reestablishment of the brands' identities, joining Townsend and Cressman. Christa Albrecht, senior vice president of Magnussen brand, will "lead the charge for Magnussen's core brand," and Fred Schubert, vice president of product development, will focus his team's efforts on supporting the growth and identity of all the brands. Banner House will debut its new showroom, 26,000 square feet larger than Magnussen's previous location, at the spring High Point Market. All the brands can be accessed through one entrance at the 220 Elm location
On March 18, 2026, it was reported, the vendor community has rallied around Bloomingdale's like never before," Macy's Inc. CEO Tony Spring told analysts Wednesday. With some help from Saks Global's bankruptcy, Macy's Inc.'s Q4 surpassed expectations in most measures. Net sales in the period fell 1.6% year over year to $7.6 billion, with comps up 1.8%. Net income surged nearly 50% to $507 million. At Bloomingdale's, which took share from Saks Global in Q4, net sales rose 8.5% and comps surged 10%. Bluemercury net sales rose 2.5% and comps rose 1.3%. At Macy's, shuttered stores helped drive down net sales by 3.2% as comps rose 0.4%. Minus closures, comps rose 0.6%, and at 125 revamped stores comps rose 0.9%. : Macy's Inc.'s rehabilitation of its namesake banner appears to be hitting its stride, with revamped stores notching growth in seven out of eight quarters. Last month, store improvements more staff, more brands and "better execution in the store, better storytelling" began at another 75 Macy's stores, CEO Tony Spring told analysts Wednesday. The star of the quarter, though, is Bloomingdale's, the company's higher-end department store. Spring led the retailer for nearly a decade before taking the reins at Macy's Inc. two years ago. Bloomingdale's may be garnering not just sales and customers from the Saks troubles, but also merchandise. In contrast to the Saks Global stores, which are slowly but surely repairing vendor relationships that soured over many months, Spring said that Bloomingdale's enjoys "excellent vendor partnerships." For this year, Macy's Inc. expects net sales of $21.4 billion to $21.65 billion, compared to $21.8 billion in 2025, and comps to land between a 0.5% decline and a 0.5% increase.
On December 11, 2025, it was reported, Hooker Furnishings reported a deeper third-quarter loss as hospitality project timing, non-cash impairment charges and continued macroeconomic pressure weighed on results, but executives said the company's recent strategic divestiture and upcoming product launches have set it on a clearer path toward profitability. For the quarter ended Nov. 2, consolidated net sales fell 14.4% from the prior year, driven primarily by an $11 million decline in Samuel Lawrence Hospitality (SLH) shipments. Operating loss totaled $16.3 million, largely the result of $15.6 million in non-cash intangible impairment charges. Loss from discontinued operations was $8.6 million. The company also completed a major portfolio shift. On Dec. 1, Hooker announced the sale of its Pulaski Furniture and Samuel Lawrence Furniture value-priced brands within the Home Meridian (HMI) segment. T Margaritaville launch exceeds expectations Hooker executives highlighted what they view as the company's most significant organic growth driver: the new Margaritaville licensed collection, which debuted at the October High Point Market. The company said 55 retailers have already committed to installing Margaritaville-branded galleries. Hoff said the company's revised warehouse strategy centered on its new Vietnam facility now allows "collections from our various suppliers to be mixable in single containers and providing six to 10-week fulfillment to our customers' door,". S&A expenses declined $5.9 million in Q3 and $9.7 million year-to-date, reflecting restructuring progress . Hooker repaid $17.9 million of debt year-to-date and ended the quarter with $63.8 million in borrowing capacity. Inventory decreased to $52.1 million.
