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.
New orders from furniture retailers in September were 4 percent higher than the same month last year, according to the latest Furniture Insights survey.
Furniture sales gave overall retail sales a bump last month. The industry's sales jumped 1 percent in October, and that's on top of a 0.7 percent jump in September.
The retail industry added 37,600 jobs in October, according to National Retail Federation analysis of federal job growth numbers.