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Furniture Buying Index Drops 3 Points

By Home Furnishings Business in on February 2, 2012 The Furniture Buying Index dropped three points this month to a reading of 70 falling back to its November, 2011 level, according to America's Research Group.

€œConsumer confidence is down as consumers are concerned about credit card debt and other factors impacting their financial situation at this time,€ said  Britt Beemer, chairman of America€™s Research Group. €œMany consumers are experiencing higher deductions from their pay checks due to more health insurance costs being taken from their pay."

Beemer said these and other factors have consumers being more cautious about spending discretionary dollars.

The Furniture Buying Index is compiled each month by America's Research Group from interviews with between 5,000 and 8,000 consumers across the country. In a typical month, 80 percent of the consumers interviewed can name a specific furniture item they intend to buy. The Index's mark signifies what percent of the benchmark 80 percent actually have a particular item in mind.


Panama Jack Signs 5 Home Furnishings Licenses

By Home Furnishings Business in licensing on February 2, 2012

Beach lifestyle brand Panama Jack recently signed five licensing agreements, including  new ones, for developing laid-back lifestyle home furnishings.

Palmetto Home will continue to manufacture and distribute case goods for Panama Jack's Home Collection, which features wood furniture; and includes pieces for the living and dining room, bedroom and bathroom, office and den, and kitchen and bar.

Pelican Reef will produce island-inspired outdoor furniture for the lifestyle brand. Panama Jack launched its first Outdoor Collection, Island Breeze, with Pelican Reef this fall.

Aria Designs will manufacture a new line of upholstered furniture, the brand's first, that complements Panama Jack's larger collection of furniture and furnishings.

Fancy That Gift & Decor will provide wall art, wooden signs, carvings and nautical accessories to complement consumers' Panama-Jack-styled homes and outdoor environments.

Golding Fabrics will design and manufacture exclusive fabrics for the company that capture the brand's personality and appeal. The design firm will produce duvet bed covers and accent pillows for the brand as well.

Much of the product was featured at this week's Las Vegas Furniture Market.
 
"Our company is expanding its reach beyond our traditional categories, and everyone associated with us is very excited about what it means for our future," said Orlando, Fla.-based Panama Jack's president, Kim Manna. "One of the reasons we're growing so fast is that Panama Jack's products really connect with people's mindset today. We create quality, comfort and value--practical things people want--in our products and we give them a sense of fun and adventure, a state of mind people enjoy."

Singapore Furniture Council Gives $1 Million in Subsidies

By Aggregated Content in sourcing/importing on February 2, 2012 from https://newsdesk4.moreover.com/click/?p=lhxtxtxezambmblzm6l8lbxml2lbxll2xmm6lzlbl8mblzlklnlzljmblhl2xml2m6xelkzbxaz2zhz2zoznzlzoztztzzmlxaz8zozmz2zezmztzhzxzxzx&a=z2zhz2zoznzlzoztztzz&f=t6l2xxxz&s=xmlnlzlhxhl8lk&u=lolzxml2l6xzlhloxxtel6loxelzlbm6lzlbl8&c= The Singapore Furniture Industries Council has launched the fourth round of its Member Assistance Scheme for financial support in a difficult economy.

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Doug's Furniture Barn Closing in Conn.

By Aggregated Content in Retail Closings on February 2, 2012 from http://c.moreover.com/click/here.pl?z5850819274&z=1250249027 Doug's Furniture Barn in Brookfield, Conn., is closing.

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Jerome's Furniture Helps Fund Del Sur Elementary School Program

By Aggregated Content in on February 1, 2012 from http://c.moreover.com/click/here.pl?z5847133988&z=1250249029 On January 6, Jerome's Furniture (Jerome's) donated $6,000 to Del Sur Elementary School to support a new program, Engineering is Elementary. Representatives from Jerome's, including Chairman Jerry Navarra; Director of Marketing Jim Navarra; and President and CEO Lee Goodman, presented a check during the school's bi-weekly Flag Day assembly. The Engineering is Elementary (EiE) project promotes engineering and technological literacy among children. EiE will provide Del Sur Elementary School students with a research-based, standards-driven, and classroom-tested curriculum that integrates engineering and technology concepts and skills with elementary science topics. EiE lessons not only promote K-12 science, technology, engineering, and

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