Furniture factory orders rebounded in October, registering an 8% increase over the same month in 2016, according to the latest survey from the Smith Leonard accounting and consulting firm.
Stanley Furniture, which last month agreed to sell substantially all of its assets to the chairman of the Vietnam Trade Alliance for $16.1 million, had at least four other offers to buy the company, according to documents filed this week with the Securities and Exchange Commission.
After reaching a 17-year high in November, the widely-followed Consumer Confidence Index fell to 122.1 in November, according to the Conference Board.
Online mattress retailer GhostBed said it has begun accepting payments with Bitcoin, becoming the first mattress retailer to accept the cryptocurrency.
Bassett Furniture Inds. (NASDAQ: BSET) said it has opened four additional galleries for its new Club Level motion upholstery program.
The offices of Home Furnishings Business and its parent company, Impact Consulting Services, will be closed Monday in observance of New Year’s Day.
Bedding producers Reverie and Magniflex, and robotic massage chair resource Human Touch are among the home furnishings exhibitors at next month’s Consumer Electronics Show in Las Vegas.