How tariff hikes are squeezing the U.S. furniture business
LOS ANGELES/CHICAGO (Reuters) – When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O’Brien was left with no choice but to add a 4%…
Bed Bath & Beyond posts better-than-expected profit, shares soar
FILE PHOTO: Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 . REUTERS/Carlo Allegri (Reuters) – Home furnishing retailer Bed Bath &…
Steinhoff’s former CEO says not aware of accounting irregularities at company
CAPE TOWN (Reuters) – Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the retailer that he was not aware of any accounting irregularities…
Steinhoff’s former CEO rues joint venture with Austrian businessman Seifert
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste told a parliamentary inquiry his main mistake during his tenure as the retailer battled an accounting scandal was agreeing…
Steinhoff’s former CEO says not aware of accounting irregularities
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African…
Exclusive: Mattress Firm explores U.S. bankruptcy to close stores – sources
(Reuters) – Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some…