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From Home Furnishing Business

Hooker Furniture Records Double-Digit Sales, Profit Hikes

Paced by its Home Meridian division, Hooker Furniture (NASDAQ: HOFT)  reported double-digit sales and profit increases for the quarter ended July 30.

Conn’s Registers Q2 Profit as Credit Segment Improves

Retailer Conn’s Inc. (NASDAQ: CONN) returned to profitability in the quarter ended July 31, registering net income of $4.27 million or 14 cents per share despite a 7.9% decline in revenues and a 15.1% drop in same-store sales.

RH Swings to Q2 Loss, but Sees Brighter Future

RH (NYSE: RH) swung to a net loss of $7.86 million or 28 cents per share in its second fiscal quarter, but the retailer boosted its revenue and earnings estimates for the fiscal year due to the positive impact of several initiatives taken during the past year.

Private Equity Firm Gets Stake in Standard Furniture

Aterian Investment Partners, a New York-based private equity firm, has acquired a stake in case goods and upholstery manufacturer and importer Standard Furniture.

FastFact: Low-Income Households Move More Frequently

Although mobility remains at an all-time low in the United States, data from the U.S. Census Bureau shows that a significant chunk of movers are from low-income households.

Smith Leonard Survey: New Orders Up 6% in June

New orders in June rose 6% over June of 2016 and 6% year-to-date according to a report by the Smith Leonard accounting and consulting firm.

Snap Finance Secures Largest Revolving Credit Facility Ever

Fintech company Snap Finance, a provider of lease-to-own financing at the point of sale to customers of eCommerce and brick-and-mortar merchants, is partnering with BMO Harris Bank representing the largest bank revolving credit facility ever for a private consumer lease-to-own company.

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