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From Home Furnishing Business

Ikea Posts Flat 2014 Profit

Home furnishings retailer Ikea reported flat profit for last year in spite of increased sales worldwide.

Agreement Nears in West Coast Port Contract Talks

The two sides involved in the West Coast port slowdown are nearing a contract agreement after an eight-month negotiation period. An agreement could avert a strike that could cost as much as $2 billion a day.

Consumer Confidence Hits 7-Year High

Consumers are happy, and the latest consumer confidence statistics released Tuesday show the Conference Board’s index climbed to 102.9, the best reading since August 2007.

IMC Shuffles Management Team

The International Market Centers, owner of the Las Vegas Market buildings and a number of key High Point Market showroom buildings, has shifted its management team.

Ethan Allen 2Q Profit Drops

Ethan Allen Interiors (NYSE: ETH) reported net income of $10 million in the second quarter ended Dec. 31, a 13.1 percent decline from net income of $11.6 million in the same period last year.

Furniture First, Versatile Credit Ink Partnership

Furniture buying group Furniture First has partnered with Versatile Credit to offer its member retailer’s an in-store, credit kiosk provider.

Canadian Furniture Retailers: Get Ready!

The $2 million winner of Edmonton, Canada’s latest lottery says his first purchase with proceeds from his winnings will be furniture.

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