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From Home Furnishing Business

FastFact: Boomers, GenX Pace Consumer Spending on Furniture

Despite their waning influence as they age out of their prime spending years, Baby Boomers still control the greatest portion of consumer spending on furniture and bedding, according to the Bureau of Labor Statistics.

Wayfair Q4 Revenues Leap 46.2%, but Net Loss Widens

E-commerce powerhouse Wayfair (NYSE: W) said fourth-quarter revenues shot up 46.2% to $1.44 billion, but its net loss grew by more than 65% due largely to increased advertising costs and greater selling and operating expenses.

Tempur Sealy Reports Lower Q4 Sales, Profits

Still feeling the effects of the termination of its contract with Mattress Firm last year, mattress producer Tempur Sealy International (NYSE: TPX) reported a 15.9% decline in fourth-quarter sales and a 6% dip in profits.

Lower Traffic, Tax Changes Hamper Havertys Sales, Profits

Atlanta-based Havertys (NYSE: HVT) reported lower fourth-quarter sales and earnings, as sluggish store traffic hampered the top line and recent changes in federal tax laws hurt the bottom line.

La-Z-Boy Records 6.1% Sales Jump, but Tax Changes Hurt Earnings

La-Z-Boy (NYSE: LZB) said sales rose 6.1% to $413.6 million in the quarter ended Jan. 27, but earnings were nearly sliced in half by one-time charges stemming from recently-enacted changes in federal tax law.

Tax Law Changes Reverse Q4 Loss at Rent-A-Center

A $77.5 million gain from the recently-enacted tax law helped struggling Rent-A-Center (NASDAQ: RCII) show a fourth-quarter profit of $34.8 million or 65 cents per share.

FastFact: Housing Starts Projected for Double-Digit Increase in ’18, ‘19

Single-family housing starts – often a key predictor of home furnishings sales – are projected to increase by double-digits in 2018 and 2019, according to data from the U.S. Census Bureau and the National Association of Realtors.

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