Americans spent more at retail businesses in June, buying more cars and trucks, furniture and clothes. But consumers cut back on many other purchases, a mixed sign for economic growth.
Fire damaged the roof of the Sam Moore furniture plant in Bedford on Monday evening. No one was injured.
Stanley Furniture (NASDAQ: STLY) posted its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.11, Stock Ratings Network reports.
Hooker Furniture Corp. will give $50,000 toward the $2 million Building on Baldwin capital campaign to expand the New College Institute in Virginia.
America's Research Group's Furniture Buying Index held steady in June at a reading of 76.
The U.S. Department of Commerce has ruled preliminarily that innersprings from Malaysian manufacturer Reztec are evading duties imposed on Chinese producers.
Adjustable bed vendor Reverie has signed a lease for a 120,000-square-foot manufacturing facility in Eden, N.Y.