August 20,
2013 by in Business Strategy, Industry 
Troubled furniture maker Furniture Brands has tapped restructuring lawyers and advisers to examine options to deal with its debt load, including the possibility of bankruptcy, according to a news report.
News reports say the advisers are examining several alternatives and the situation is still fluid, according to unnamed sources familiar with the matter.
Clayton-based Furniture Brands did not immediately respond to a request for comment.
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Source: STLtoday.com
August 19,
2013 by in Business Strategy, Industry
Therapedic International will enter the fast-growing India market through a licensing deal with a leading sleep products retailer based in Bangalore.
August 19,
2013 by in Industry, Store Openings
North Carolina-based Boyles Furniture & Rugs will open a store in Avon, Conn., this week in a former space once occupied by another furniture retailer. Nassau's Furniture closed its store in Avon in January, leaving he building vacant.
Boyles officials said they will have a grand opening for the Avon store Wednesday and Thursday. The new store will be the company's first location in the Northeast.
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Source: Hartford Courant
August 19,
2013 by in Industry, Store Openings
Arhaus Furniture will be relocating its Ann Arbor, Mich., store to a higher-end location. The retailer expects the new store to open Sept. 20.
The retailer is moving the store about amile down the road and is looking for increased visibility in the new shopping center.
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Source: AnnArbor.com
August 19,
2013 by in Economic News, Industry
U.S. consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.
The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment slipped to 80.0 from 85.1 in July, the highest since July 2007.
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Source: CNBC