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From Home Furnishing Business

FastFact: Consumer Services Costs Continue to Increase

During the Great Recession, households had to cope with the dramatic rise in health care and housing costs, along with an increasing cost of food and accommodations.

Restoration Hardware Closes Sale of Convertible Senior Notes

Restoration Hardware Holdings, Inc. (NYSE: RH), a curator in the luxury lifestyle market, has closed the sale of an additional $50 million of 0 percent convertible senior notes due 2020 pursuant to the exercise of the entire over-allotment option granted in the original offering of $250 million of notes.

FastFact: Housing Costs Continue to Increase

Since 2000, spending on housing, including rent and utilities, has continued to grow rapidly each year.

Consumer Sentiment Hits 5-Month High

Consumer sentiment climbed to a five-month high in June, according to the University of Michigan’s Survey of Consumers released Friday.

FastFact: Spending on Services Climbs, Furniture Spending Drops

The last 15 years have brought a shift in how consumers are spending their money. Spending on services and lifestyle expenditures has increased, while spending on durable goods such as home furnishings and automobiles have fallen to make up the difference.

FastFact: Sales at Traditional Furniture Stores Split among Categories

Sales at traditional home furnishings stores were nearly evenly divided between the upholstery category and living, dining room and bedroom goods.

FastFact: Furniture Sales Breakdown via Distribution Channel

This week we continue the detailing of distribution channels in the furniture industry with a breakdown of the percent of sales of particular product categories in each of the main distribution channels.

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