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From Home Furnishing Business

Furniture Factory Orders Show 1% Increase in October

On the heels of a double-digit spike in September, furniture factory orders in October edged up 1% from the same month in 2015, according to the latest Furniture Insights survey.

Consumer Confidence Index Jumps Again in December

The widely-watched Consumer Confidence Index, which increased considerably in November, had another healthy gain in December and now stands at 113.7, the Conference Board reported this week.

Post-Election Sales Rebound Helps Bottom Line at Pier 1

Despite a slight dip in sales, retailer Pier 1 Imports (NYSE: PIR) said net income jumped more than 24% in the third fiscal quarter to $13.6 million or 17 cents per share.

RH Profits Tumble in Q3; Retailer Cuts Q4 Outlook

Restoration Hardware Holdings (NYSE: RH) said revenues rose 3.2% to $549.3 million for the quarter ended Oct. 30, but profits were well below the same quarter last year due to a variety of capital spending projects, including the launch of RH Modern.

Acquisition Boosts Hooker Furniture Sales, Profits

Buoyed by its recent acquisition of case goods and upholstery resource Home Meridian, Hooker Furniture (NASDAQ:HOFT) said sales more than doubled in the quarter ended Oct. 30, while net income jumped nearly 40% to $6.46 million or 56 cents per share.

Havertys Reports 1.1% Q4 Sales Increase to Date

Atlanta-based retailer Havertys (NYSE: HVT) said fourth-quarter sales to date are up about 1.1% over the same period last year, while comparable-store sales are up about 1.4%.

Conn’s Q3 Loss Widens Amid Double-Digit Same-Store Sales Decline

Retailer Conn’s Inc. (NASDAQ: CONN) said its third-quarter net loss widened to $3.8 million or 12 cents per share as tighter in-house credit requirements hurt retail sales, but improved the performance of its ailing credit business.

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