September 5,
2013 by in Industry, Retail Technology 
Wright Global Graphics is expanding the product offerings of RetaiLive with a version that uses Near Field Communications (NFC) technology.
September 5,
2013 by in Business Strategy, Industry
N.C. Gov. Pat McCrory on Wednesday accused unnamed High Point manufacturers of pushing for a loophole in state law so they can hire illegal immigrants instead of American citizens.
The comment came as McCrory discussed a bill that widens an exemption in checks for citizenship that employers are typically required to run on potential employees.
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Source: News & Record
September 5,
2013 by in Financial Reports, Industry
Conn's Inc.'s (CONN) fiscal second-quarter profit rose 65% as furniture and mattress sales led strong revenue growth, helping to mask weakness in the credit segment.
The Texas-focused seller of consumer electronics, home appliances, and other products has been focusing on higher-margin items such as furniture and mattresses to improve its performance in recent quarters. In the latest period, furniture and mattress sales were up 59% amid stronger volume and improved average selling prices.
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Source: The Wall Street Journal
September 5,
2013 by in Economic News, Industry
Good news for furniture land! For the first time since 2009, previously occupied U.S. homes are selling at a pace associated with a healthy market.
Sales jumped 6.5 percent in July to a seasonally adjusted annual rate of 5.4 million, the National Association of Realtors said Wednesday. Over the past 12 months, sales have surged 17.2 percent. The trend shows that housing remains a driving force for the economy even as mortgage rates have risen from record lows.
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Source: Minneapolis Star Tribune
September 4,
2013 by in Financial Reports, Industry
Hooker Furniture has reported net income of $1.7 million for the second quarter ended Aug. 4, a 14.4 percent increase from the $1.5 million reported in the same quarter last year.
September 4,
2013 by in Business Strategy, Green, Industry
Consumers are becoming more environmentally conscious in their purchases, and they're willing to pay more in order to own the greener product, according to the Sustainable Furnishings Council's fifth annual consumer research study.
September 4,
2013 by in High Point, Industry, Market, Social Media
The High Point Market Authority and Décor Mentor will co-host the Market product preview Twitter chat Sept. 25.