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From Home Furnishing Business

FastFact: Furniture Industry Nets 5.2% Gain in Q2

The furniture industry continued to grow in the second quarter of this year, netting a 5.2 percent increase over last year’s second quarter, with sales totaling $22.96 billion.

NRF Revises 2015 Forecast Downward

The National Retail Federation has lowered its retail sales forecast for 2015 because of slow growth recorded during the first half of the year.

Sundance Completes Recapitalization to Expand Stores

Salt Lake City-based Sundance, a multi-channel direct marketer and specialty retailer of apparel and accessories, jewelry and home furnishings, has completed a dividend recapitalization through Brentwood Associates, a consumer-focused private equity investment firm.

American & Efird Global Completes Recapitalization

KPS Capital Partners has completed a recapitalization of its portfolio company American & Efird Global (A&E), which raised approximately $275 million in financing, including a $65 million cash flow revolving credit facility and an approximately $210 million term loan.

New Water Capital Partners Invests in Pride Family Brands

Philadelphia-based LBC Credit Partners has provided a senior secured term loan to support the recapitalization and investment in Pride Family Brands by New Water Capital Partners, a $406 million private equity fund that focuses on investing in lower middle market companies in the consumer products, retail and industrial manufacturing industries.

FastFact: Consumers Spend More on TVs since 2000

Since 2000, Televisions have seen the most growth of the three major home consumer products of furniture, major appliances and televisions.

FastFact: Technology Sales Outpace Furniture Sales

Since 2000, the technology industry has vastly outpaced the furniture industry in growth, and that is reflected in the changes seen in a comparison of consumer spending between the two categories.

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