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Furniture Stocks Rebound As Home Sales Pick Up

By Aggregated Content in economic news on March 14, 2013 from http://news.investors.com/investing-ibd-industry-themes/031413-648075-furniture-stocks-and-home-sales-pick-up.htm

Purchasing a new home usually requires an investment in furniture, including perhaps a bed or a sofa, and maybe some decorations.

With housing sales on the rebound, some furniture stocks have been moving higher. The Household-Office Furniture industry group was ranked No. 31 out of IBD's 197 groups as of Thursday. That's up from No. 55 three weeks ago and No. 70 six weeks ago.

 


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U.S. Retail Sales Up 1.1% in February

By Aggregated Content in economic news on March 13, 2013 from http://www.myfoxdc.com/story/21627893/us-retail-sales-up-solid-11-percent-in-february#axzz2NQMd66z3

Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January. About half the jump reflected higher gas prices, but even excluding gas purchases, retail sales rose 0.6 percent.

The report Wednesday from the Commerce Department showed that Americans kept spending last month despite higher Social Security taxes that took effect this year. The retail sales report is the government's first look each month at consumer spending, which drives about 70 percent of economic activity.

 




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'Downton Abbey' Décor Speaks to Consumers

By Aggregated Content in on March 13, 2013 from http://dailymail.com/foodandliving/201303120211

Intrigued by the drama and inspired by the sophistication of British aristocrats in "Downton Abbey," some fans are plotting to bring the series' style into their own homes, from gilded finishes to opulent upholstery to portrait paintings.

"We've gone so casual in the last decade in terms of home decor. I think there is a desire to be a little more formal, or a little more glamorous," says Kristie Barnett, an interior design blogger in Nashville, Tenn. "That doesn't mean it can't be family-friendly."

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Far East Interiors Offer Minimalist Design

By Aggregated Content in Furniture Retailing on March 13, 2013 from http://www.philly.com/philly/home/Far_East_interiors_.html

We might live on the other side of the world from Asia, but when it comes to interior design, Chinese- and Japanese-inspired décor can be found in stores and homes from coast to coast.

"A big trend today is for clean lines and minimalist design as opposed to overstuffed furniture," says Julie Holzman of Holzman Interiors in New York. "That simplified look lends itself to incorporating modern Asian elements."

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Gallery Furniture Fire Suspect Likely to Never Face Trial

By Aggregated Content in Legal on March 13, 2013 from http://www.chron.com/news/houston-texas/houston/article/Gallery-fire-suspect-likely-to-never-face-trial-4351976.php

n the four years Robert Gillham spent behind bars unable to make a half-million-dollar bail, he was on the verge of trial twice, was declared mentally incompetent and had a golf ball-size brain tumor removed.

Lawyers Wednesday said the 70-year-old former Gallery Furniture employee, accused of starting a four-alarm fire that caused $20 million in damage at Jim "Mattress Mack" McIngvale's flagship store, was unlikely to ever face a trial.

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