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From Home Furnishing Business

FastFact: Housing Upgrade Most Common Reason for Moving

Although the number of Americans who move has been at historic lows in recent years, the most common reason for moving hasn’t changed a bit – people simply want a nicer home or apartment.

Study: Harvey, Irma Damage Could Boost Furniture Sales by $4 Billion

A new study shows that the replacement value of furniture and bedding destroyed by Hurricanes Harvey and Irma is likely to top $4 billion in Texas and Florida – and could go higher, depending on how much financial assistance homeowners receive from insurance claims and state and federal governments.

Bassett Q3 Profits Climb Nearly 10%

Bassett Furniture Inds. (NASDAQ: BSET) said profits jumped 9.9% in the quarter ended Aug. 26 on a 9.1% increase in sales.

Pier 1 Reports Wider Q2 Loss as Sales Rise 0.4%

Pier 1 Imports (NYSE: PIR) said sales edged up 0.4% to $407.6 million in the quarter ended Aug. 26, but the retailer’s net loss nearly doubled from the same quarter last year.

Consumer Confidence Index Falls Slightly in September

The Consumer Confidence Index, which had improved slightly in August, declined to 119.8 in September, according to The Conference Board.

Blackstone Funds Complete Acquisition of IMC

The private equity group Blackstone said funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have completed the previously announced acquisition of International Market Centers, the largest showroom owner in High Point and owner of the World Market Center in Las Vegas.

FastFact: Job-Related Moves on the Rise Again 

Job-related moves, which were curtailed by slow job growth and more restrictive corporate transfer policies during the past decade, are on the upswing again, according to data from the U.S. Census Bureau.

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