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From Home Furnishing Business

Survey Said: Furniture Factory Orders Jump 8% in October

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.

Consumer Confidence Index Dips Slightly in December

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.

GhostBed Launches Bitcoin Payment Processing

Online mattress retailer GhostBed said it has begun accepting payments with Bitcoin, becoming the first mattress retailer to accept the cryptocurrency.

FastFact: Percentage of Income Spent on Furniture Holds Steady

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.

Mattress Firm Secures New $225 Million Credit Line

Mattress Firm, whose parent company, Steinhoff International, has been struggling in the wake of an accounting scandal, said it has obtained a new secured asset-based revolving credit line of up to $225 million.

Report: Steinhoff Lenders Begin Pulling Credit Lines

Mattress Firm parent Steinhoff International (FRANKFURT: SNH) is being “pushed to the brink of collapse” because several lenders have pulled credit lines, according to a Bloomberg News report.

FastFact: Top 20% Pay Most Taxes, Have Highest Disposable Income

The top 20 percent of U.S. households make more than half of all income and pay 78.5 percent of all taxes, according to the latest Consumer Expenditure Survey from the Bureau of Labor Statistics.

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