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From Home Furnishing Business

Consumer Confidence Index Increases to 81.5

Consumer confidence unexpectedly improved in August as Americans grew more optimistic about employment opportunities and the outlook for the economy.

The Conference Board’s index of sentiment advanced to 81.5 from a revised 81 the prior month that was stronger than initially estimated, the New York-based private research group said today. The median forecast in a Bloomberg survey of economists was 79. 

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Source: Bloomberg

FBI De-Lists from NYSE

Furniture Brands International (NYSE: FBN) announced on Friday that it will voluntarily delist its common stock from The New York Stock Exchange.

Furniture Supplier AP Industries Closed

The sudden closure of AP Industries in Canada is difficult for the 150 employees licensees and will impact on the region's local economy.

The furniture manufacturing company, which experiencing financial difficulties for several years, closed its doors last week.

The employees learned of the layoff the night before the closing.

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Source: Radio-Canada.ca

 

Consumer Sentiment Sours in August

U.S. consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment slipped to 80.0 from 85.1 in July, the highest since July 2007.

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Source: CNBC

Retail Sales Grow Slowly in July

U.S. retail sales were up slightly, 0.2 percent in July, compared with the same month last year. 

Furniture Buying Index Inches Up 1 Point

The monthly Furniture Buying Index moved up one point this month to a reading of 77, according to America's Research Group.

Furniture Brands Shares Continue to Plunge

Some analysts fear that Furniture Brands International's falling share price creates the threat of bankruptcy.

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