Texas-based Rest Right Mattress has become the second online mattress retailer to begin accepting payments with Bitcoin, the popular cryptocurrency.
Steinhoff International, the troubled parent company of Mattress Firm and a number of other furniture retailers and manufacturers in Europe, Asia and Africa, said an investigation of its finances revealed the company will have to restate its financial statements from the 2015 and 2016 fiscal years.
The percentage of income spent on furniture and appliances varies little between low- and high-income households, according to the latest Consumer Expenditure Survey from the Bureau of Labor Statistics.
Furniture factory orders rebounded in October, registering an 8% increase over the same month in 2016, according to the latest survey from the Smith Leonard accounting and consulting firm.
After reaching a 17-year high in November, the widely-followed Consumer Confidence Index fell to 122.1 in November, according to the Conference Board.
Online mattress retailer GhostBed said it has begun accepting payments with Bitcoin, becoming the first mattress retailer to accept the cryptocurrency.
The percentage of income spent on furniture and related equipment varies little among U.S. households, despite a wide range of household incomes, according to data from the Consumer Expenditure Survey by the Bureau of Labor Statistics.