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From Home Furnishing Business

Fast Fact: Gen X, Household Expenditures Top Baby Boomers 

At a fraction of the population size of Baby Boomers and Millennials, Generation X is the top contributor in household spending – most importantly furniture spending.

Williams –Sonoma Q4 Revenues Rise 6.2%

Retailer Williams-Sonoma (NYSE: WSM) said revenues jumped 6.2% to $1.68 billion in the fiscal fourth quarter, but net income tumbled due to a pair of one-time tax charges stemming from recently-enacted changes in corporate tax law.

FastFact: Gen X, Millennial Home Ownership on the Rise

Our examination of consumer spending by generation continues this week with a comparison of the housing tenure, race and education of each group.

Big Lots Reports Double-Digit Profit Hike in Q4, Fiscal Year

Despite a slight decline in same-store sales in the fourth quarter, discount retailer Big Lots (NYSE: BIG) reported a double-digit increase in earnings for the quarter and the fiscal year that ended Feb. 3.

FastFact: GenX Household Income Easily Tops Boomers, Millennials

Generation X had an average household income of $95,168 in 2016, easily outdistancing Baby Boomers and Millennials, according to the annual Consumer Expenditure Survey from the Bureau of Labor Statistics.

Matt Firm Sales Fall 16% Amid Store Closings, Operational Changes

Sales at Mattress Firm fell 16% to $638 million in the quarter ended Dec. 31, parent company Steinhoff International reported this week, saying the mattress retailer’s business was disrupted by a raft of operational changes and competition from online mattress players.

December Factory Orders Drop 9%, But Remain Positive for 2017

Last year ended on a disappointing note for many furniture manufacturers, as December factory orders fell 9% from December 2016, according to the monthly Furniture Insights survey from the Smith Leonard accounting and consulting firm.

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