Paramount Sleep reworks East Coast luxury collection for Vegas

NORFOLK, VA. – Paramount Sleep will introduce its updated East Coast luxury collection at the Las Vegas Market, set for July 28-Aug. 1. The new collection features components such as locally sourced Virginia cotton. The redesigned 2024-2025 Paramount collection marks four generations of family ownership and craftsmanship, transforming from a local mattress factory into a national

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More than a furniture CEO, one company exec moonlights as an Olympics team leader

More than a furniture CEO, one company exec moonlights as an Olympics team leader

FORNEY, Texas – Besides founding and leading a furniture company with hundreds of millions of dollars in sales, Steve Silver has another job: leading the U.S. women’s wrestling Olympics team. Silver’s roots in wrestling and furniture both go way back. He started his namesake company in 1983, which initially sold refurbished electronics and other returned

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bassett q2 fintabs, 7-11-24

With fourth consecutive loss, Bassett announces restructuring, closes Noa Home

BASSETT, Va. – Bassett Furniture reported $83.4 million in consolidated second quarter sales, a 17% drop from last year. It also recorded an operating loss of $8.5 million, its fourth consecutive loss. That loss included asset impairment charges of $5.5 million and additional inventory valuation charges of $2.7 million, the company said. Wholesale sales were

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Founding family takes majority ownership in casual furniture and lighting supplier

ELK GROVE VILLAGE, Ill. — LumiSource, a supplier of casual dining furniture and lighting, completed a transaction earlier this month resulting in the original founders, the Lee family, having majority ownership of the company. LumiSource, which has fully integrated Grandview Gallery since its merger in 2022, now operates both entities in its headquarters at Elk

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