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From Home Furnishing Business

FastFact: Northeast Paces Growth of Existing Home Sales

Fast FactPaced by the Northeast, existing home sales grew consistently throughout the country last year, according to data from the National Association of Realtors.

FastFact: Existing Home Sales Approaching Pre-Recession Levels

Fast FactWhile the growth rate for existing home sales slowed in 2016, unit sales approached levels attained prior to the Great Recession, according to data from the U.S. Census Bureau and the National Association of Realtors.

Furniture Factory Orders Jump 7% in April

Smith Leonard LogoFactory orders for residential furniture rose 7% in April, marking the eighth time in nine months that orders were ahead of the same month in the prior year, according to the latest survey from the accounting and consulting firm Smith Leonard.

Paulsen Named to Top Marketing Post at Theodore Alexander

High-end manufacturer Theodore Alexander has named Jackie Paulsen to the newly created post of chief marketing officer.

Custom Upholstery, Retail Stores Help Bassett Q2 Sales, Profits

BassettBuoyed by its custom upholstery business and improvements at company-owned retail stores, Bassett Furniture Inds. (NASDAQ: BSET) said sales and profits were higher in the quarter ended May 27.

Pier 1 Cuts Q1 Loss on Modest Sales Decline

Pier 1 LogoHome furnishings and décor retailer Pier 1 Imports (NYSE: PIR) cut its net loss to $2.99 million or 4 cents per share in the quarter ended May 27 as the company boosted gross margin and benefitted from several other operational and merchandise improvements.

Millennials Most Likely to Use Tax Refund for Major Purchase

Millennials are the most likely segment of the population to spend their tax refund money on a major purchase or “splurge” of smaller purchases, according to a survey conducted by GoBankingRates.com.

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