Consumer spending, as a percentage of personal consumption, has posted a steady decline over the last eight years, according to figures from the U.S. Department of Commerce.
Nathan Copeland has been named president of upholstery and case goods vendor Highland House.
Home furnishings supplier retailer Bassett Furniture (NASDAQ: BSET) posted a profit of $3.6 million for the fourth quarter ended Nov. 29.
The auction for Gift for Life’s Party for Life has opened with more than 35 items, including passes for Fashion Week, ski club memberships, jewelry and vacation weeks.
Construction is well underway at the Rooms To Go distribution and retail center in Dunn, N.C., putting it on track to open in August.
Steve Rotman, president and CEO of Rotmans Furniture, has started a distribution company devoted to delivering sustainably sourced, eco-friendly materials and components for use in home furnishings, apparel and other industries.
Jim Hunter has been named senior vice president of sales and marketing for MaxLite, a lighting supplier.