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From Home Furnishing Business

Williams-Sonoma Revenue Jumps 6.1% in 2nd Quarter

Despite profits declining 2.3%, retailer Williams-Sonoma (NYSE: WSM) said revenues jumped 6.1% to $1.28 billion in the second fiscal quarter. Overall, strong results from the first half of 2018 has caused the company to raise its full-year guidance. 

Fast Fact: Vietnam Grows to 13% of U.S. Imports in 2017

Out of over 200 countries exporting furniture into the U.S., over 90 percent of U.S. imports is from just 9 of those countries. China tops the list with an import value of $18 billion in 2017, followed by Vietnam at $4 billion.  

Target Announces Bauer as SVP, Global Inventory Management

Target Corp. (NYSE: TGT) has hired John Bauer as senior vp of global inventory management to lead the teams responsible for ordering, inventory positioning, global trade and domestic transportation.

NRF Increases 2018 Economic Forecast

The National Retail Federation has upgraded its retail sales forecast for 2018 and said sales are now expected to grow more than previously predicted.

Fast Fact: Furniture Imports Versus Exports, Gap Widens

The Great Recession, 2007 to 2009, created a major collapse in international trade, affecting both imports and exports of household furniture.  While a healthy economy has propelled import growth since then, exports are still struggling.

Aaron’s Inc. Announces Quarterly Dividend

Directors of Aaron’s Inc. (NYSE: AAN) have announced a quarterly cash dividend. The dividend declared is $0.03 per share of common stock, payable Oct. 5 to stockholders of record Sept. 20.

NRF Responds to Proposed 25% Tariffs

The National Retail Federation has responded to the administration’s recent announcement that it will consider imposing a tariff of 25 percent rather than 10 percent on $200 billion in goods from China.

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