The furniture industry rises and falls with the housing market, and lately most sofa and dresser makers have been buoyed by the uptick in home sales.
Furniture Brands International is the notable exception. The Clayton-based company has lost money every year since 2007, and analysts don't see it turning around before 2015.
Longtime department store analyst Michael Exstein reiterated his sell rating for J.C. Penney stock after seeing increased markdowns in Penney's attractive new home department.
Foam products vendor FXI has created two components; Aerus and Maxperm, to help bedding manufacturers meet consumer needs for temperature regulation.
Flat-pack, tool-free-assembly furniture vendor Legaré has reached several domestic and international distribution agreements.
Furniture Brands International (NYSE: FBN) was notified last week by the New York Stock Stock Exchange that its stock had fallen below the exchange's continued listing standards.
Americans spent more at retail businesses in June, buying more cars and trucks, furniture and clothes. But consumers cut back on many other purchases, a mixed sign for economic growth.
America's Research Group's Furniture Buying Index held steady in June at a reading of 76.