Affordable Home Furnishings has won the Tupelo Furniture Market's Buyer Appreciation Award.
An Ashley Furniture Homestore outlet in Memphis, Tenn., will close.
While affluent consumer confidence as measured by Unity Marketing's Luxury Consumption Index rose slightly in early January, the latest survey forecasting spending and purchases among the affluent shoppers shows they are more likely to save and invest any financial gains they accumulate over the next 12 months, rather than pick up the pace of spending on luxury or high-end goods and services.
The High Point Market Authority and collaborative design community Decor Mentor will again co-host a global Twitter Chat to preview new products at Spring Market.
Upholstered furniture manufacturer Flexsteel reported record fiscal second-quarter sales of $113 million, a 19 percent increase over the prior-year period.
Specialty bedding retailer and manufacturer Select Comfort (NASDAQ:SCSS) reported a 5 percent increase in sales to $231 million during its fourth quarter.
Rapid growth at online home furnishings retailer Wayfair is spurring more talk about an initial public offering at the Boston-based company.