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From Home Furnishing Business

FastFact: Q3 Housing Starts Don’t Keep Pace with Existing Home Sales

Despite strong existing home sales, housing starts grew at a very sluggish pace in the third quarter of last year, according to data from the U.S. Census Bureau.

NRF Urges Groups to Avoid East Coast Port Shutdown

The National Retail Federation has called on the U.S. Maritime Alliance and the International Longshoremen’s Assn. to work together to avoid a one-day shutdown of East Coast and Gulf Coast ports that reportedly has been threatened by the union.

JCPenney to Close 130-140 Stores, 2 Distribution Centers

JCPenney announced Friday it will close 130 to 140 stores and two distribution centers in the next few months, allowing the retailer to focus its investments on stores with the greatest revenue potential.

Restructuring Costs Squeeze Q4 Profits at Restoration Hardware

A variety of restructuring costs, as well as expenses stemming from the launch of RH Modern, erased much of Restoration Hardware’s fourth-quarter profit, according to preliminary financial results released by the lifestyle retailer.

King Koil Launches Digital Marketing Program

Aiming to enhance the websites of its retail customers and boost store traffic, top 10 mattress manufacturer King Koil has launched a digital marketing program.

Report: HH Gregg Preparing Bankruptcy Filing

Struggling retailer HH Gregg (NASDAQ: HHG) is preparing to file for Chapter 11 bankruptcy protection – possibly as soon as next month, according to a report from Bloomberg News.

Google Strategist, Prominent Designer to Speak at April Market

The High Point Market Authority is partnering with the Home Furnishings Assn. and the American Society of Interior Designers to being a pair of keynote speakers to the April market.

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