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From Home Furnishing Business

Casual Market Sets Slate of Events

The International Casual Furniture & Accessories Market has announced events planned for the Sept. 17-20 show at the Chicago Merchandise Mart.

Piedmont Furniture Club Tourney Raises $10K for Hospital

Piedmont Furniture ClubThe Piedmont Furniture Club raised $10,000 for cancer research at Brenner Children's Hospital at its 27th annual golf tournament.

RetailLive from Wright Gets Technology Boost

Wright Global Graphics is expanding the product offerings of RetaiLive with a version that uses Near Field Communications (NFC) technology.

NC Governor Says High Point Industry Wants Illegal Labor

N.C. Gov. Pat McCrory  on Wednesday accused unnamed High Point manufacturers of pushing for a loophole in state law so they can hire illegal immigrants instead of American citizens.

The comment came as McCrory discussed a bill that widens an exemption in checks for citizenship that employers are typically required to run on potential employees. 

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Source: News & Record

Conn's 2Q Profit up 65% on Furniture, Mattress Sales

Conn's Inc.'s (CONN) fiscal second-quarter profit rose 65% as furniture and mattress sales led strong revenue growth, helping to mask weakness in the credit segment.

The Texas-focused seller of consumer electronics, home appliances, and other products has been focusing on higher-margin items such as furniture and mattresses to improve its performance in recent quarters. In the latest period, furniture and mattress sales were up 59% amid stronger volume and improved average selling prices.

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Source: The Wall Street Journal

July Home Sales Hit 5.4 Million, Highest since '09

Good news for furniture land! For the first time since 2009, previously occupied U.S. homes are selling at a pace associated with a healthy market.

Sales jumped 6.5 percent in July to a seasonally adjusted annual rate of 5.4 million, the National Association of Realtors said Wednesday. Over the past 12 months, sales have surged 17.2 percent. The trend shows that housing remains a driving force for the economy even as mortgage rates have risen from record lows.
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Source: Minneapolis Star Tribune

Hooker Furniture Nets 2Q Sales, Income Increases

Hooker Furniture has reported net income of $1.7 million for the second quarter ended Aug. 4, a 14.4 percent increase from the $1.5 million reported in the same quarter last year.

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