U.S. consumer confidence hit its highest point since August on the strength of a stronger job market and economic conditions.
U.S. retail sales edged up in December with a core spending gauge posting a big jump, a sign the economy gathered steam at the end of last year and was poised for stronger growth in 2014.
Select Comfort Corp. (NASDAQ: SCSS) has reported a preliminary net sales growth of 5 percent year over year to $231 million for the fourth quarter.
If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks.
New orders from furniture retailers rose 5 percent in October 2013 compared with the same prior-year month, according to the latest Furniture Insights survey.
U.S. consumer spending posted its largest increase in five months in November, the latest suggestion of sustained strength in the economy as the year winds down.
U.S. consumers have been holding tight to their worn out sofas much longer than their grandparents and past generations did, laying the ground for a possible rebound in consumer spending as things start to wear out.