U.S. consumer confidence was shaken significantly by the U.S. government shutdown and debt-ceiling negotiations. The index fell to 71.2 from a revised 80.2 last month; the decline was the largest since August 2011.
Sears Canada is closing five of its stores, including its Toronto flagship, as part of a $400-million deal. The retailer plans to sell leases of the five stores to a mall operator.
Home furnishings retailer Restoration Hardware will open a $22 million, 865,000-square-foot distribution and call center in Grand Prairie, Texas, today. The facility will serve as the company's Southwest regional distribution hub and fulfillment center.
Rug supplier Oriental Weavers has named Craig Johnson national accounts manager.
Case goods manufacturer Leda Furniture has added a ‘Hospitality’ menu tab to the home page of its web site.
Vertically integrated home furnishings retailer Ethan Allen unveiled its vision of “The New Eclecticism” at a champagne reception last week in its newly redesigned flagship Design Center in Danbury, Conn.