On November 5, 2026, it was reported, top 100 retailer Broad River Retail, which owns and operates Ashley stores in the Southeast, Pacific Northwest and upper New England, has acquired six Ashley stores and a distribution center in Oregon from CTR Associates. The acquisition of the Oregon business, which generates more than $30 million in annual delivered sales, brings the Fort Mill, S.C.-based retailer to 45 Ashley showrooms in seven states. More than 70 employees are joining BRR through the purchase. Broad River holds trio of pre-Labor Day openings Broad River reveals plans for store 40 in S.C. The acquisition includes six Ashley Stores across Oregon, giving Broad River Retail a meaningful presence in the Portland metro area and multiple key markets statewide. The six stores include three Portland-area locations in Clackamas, Jantzen Beach and Tigard, along with stores in Corvallis, Salem and Springfield. The transaction also includes a distribution center in Salem that supports the Oregon retail network. Broad River Retail's short-term goal is to grow the Oregon business to $40 million in annual revenue. BRR projects between $340 million and $350 million in delivered sales in 2027, with a longer-term goal to reach $500 million in annual delivered sales by 2030. Jennifer Smith, who previously served as director of sales for CTR Associates' Ashley Stores, will continue leading the region as Broad River Retail's regional manager overseeing these six stores in Oregon. The Oregon acquisition builds on Broad River Retail's recent growth in the region. In December 2025, the company opened a three-story, 100,000-square-foot Ashley Store and Outlet in Spokane, Wash., and an Ashley Store in Moscow, Idaho, in April.
On November 5, 2026, it was reported, Wayfair Inc. posted its "strongest quarter of growth in the post-pandemic period," CEO Niraj Shah said Wednesday. The retailer reported third quarter total net revenue grew 9.7% year over year to $3.4 billion and U.S. net revenue grew over 11% to $3 billion. Wayfair also swung into the black, posting a net income of $62 million from a loss of $99 million in the year-ago quarter. Operating income also improved, reaching $106 million compared to $38 million last year. "At the start of this year, we told you we expected to take share in the U.S. at a pace we had not seen in several years. With U.S. revenue growing double digits against a roughly flat category here in Q3, we've done exactly that," Shah said in a statement Wednesday. Revenue growth was driven by a 4.7% increase in active customers, reaching 22.2 million, and a 12.2% increase in orders delivered, though average order value decreased slightly in the period. Wayfair's growing network of stores will continue to help the retailer offset the high costs of acquiring customers online, Saunders noted. The company itself has previously touted the benefits of its physical stores in acquiring new customers, stating that at its Chicago-area location, over half of shoppers are new to the Wayfair brand. Wayfair in August announced plans to open its 10th store for that brand, set to open in Altamonte Springs, Florida, in 2028. It will join existing and upcoming locations in areas including Atlanta; Denver; and Columbus, Ohio. Wayfair also appears to be benefiting from its assortment across multiple home categories. While consumers are delaying or forgoing larger, more expensive remodels, they're still engaging in smaller projects.
On November 4, 2026, it was reported, top 100 retailer Havertys posted increases across several key metrics for the third quarter of fiscal year 2026. For the three months ended Sept. 30, the Atlanta-based retailer recorded net sales of $203.2 million, up 4.47% compared with $194.5 million in the third quarter of 2025. Through nine months, its $587.1 million is $30 million ahead of 2025's pace. Gross profit for the quarter was $126.6 million, which was 62.3% of sales. Net income for the quarter totaled $6.3 million, or 39 cents per diluted share, which was up 34% on last year's, $4.7 million, or 28 cents per diluted share. Havertys posts 4th consecutive quarter of gains. Steve Burdette, president and CEO said "We did so while navigating a soft housing market, higher fuel prices, higher interest rates, continued geopolitical issues and rising input costs. Gross profit margin was 62.3%, including approximately $3.2 million of IEEPA tariff refunds, and remained strong at 60.7%, excluding those refunds." Burdette said Havertys feels good about where it stands heading into the final three months of the year. The company's 2026 guidance includes gross profit margin expectations between 61.3% to 61.5%, an increase due to the receipt of IEEPA tariff refunds. "We are energized by our five store openings in the fourth quarter, highlighted by our entry into Pittsburgh, Pa., our 18th state," Burdette said. "Growing to 133 stores by year end, while continuing to invest in our people, our products, our design service, and our customers' experience, reflects both our financial strength and our team's consistent execution of our long-term growth strategy.
On November 4, 2026, it was reported, top 100 retailer Ethan Allen released preliminary voting results of its 2026 annual meeting of stockholders, and three nominees proposed by DGB Investment Inc. won seats on its board of directors. Doug Bergeron, Kristine Miller and Stephen Oblak were elected to the five-person board along with incumbents Maria Eugenia Casar and Tara I. Stacom, based on the preliminary vote count provided by Georgeson LLC, the company's proxy solicitor. Farooq Kathwari, its longtime chairman, president and CEO, was not among the five electees. Preliminary results also indicate that stockholders voted to approve the compensation of the company's named executive officers (say-on-pay proposal) and the ratification of CohnReznick LLP as the company's independent registered public accounting firm for the 2027 fiscal year. The results announced are preliminary and subject to certification by the independent inspector of elections. Final voting results will be disclosed in a Form 8-K filed with the Securities and Exchange Commission and posted on the company's investor relations website. If the results are certified as they are, they would mark the final chapter of Kathwari's tenure as chairman, president and CEO. Bergeron kicked off the proxy battle in August when he likened the company to a "melting ice cube" shortly after Ethan Allen released its fourth quarter and full fiscal 2026 earnings. Ethan Allen announced that it was also conducting a CEO search and that Kathwari's tenure as an executive would end no later than June 30, 2027, and he would step down from the board after the 2027 annual meeting.
