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Millennials Most Likely to Use Tax Refund for Major Purchase

Millennials are the most likely segment of the population to spend their tax refund money on a major purchase or “splurge” of smaller purchases, according to a survey conducted by GoBankingRates.com.

Havertys Reports Soft Second-Quarter Business

Havertys LogoExcept for a solid Memorial Day weekend, second-quarter business at Havertys (NYSE: HVT) has been soft, the retailer said in a sales update in preparation for meetings with institutional investors this week.

FastFact: Majority Use Tax Refunds for Debt, Savings

The majority of consumers who receive tax refunds use the extra money to pay off debt or put in savings, according to a recent study by GoBankingRates.com.

Led by Target, Casper Raises Another $170M from Investors

Online mattress retailer Casper said it has completed another round of funding, raising $170 million from several venture capital firms, entertainers and athletes.

Culp Profits Jump Despite Flat Sales

Culp LogoFabric supplier Culp Inc. (NYSE: CFI) said sales for its fiscal fourth quarter were essentially even with the same period last year, but a one-time tax benefit caused net income to spike more than 72%.

FastFact: February Continues to Lead Tax Refund Season

FastfactFebruary remains the biggest month of “tax refund season,” with almost half the money paid out for the entire 2016 calendar year getting into consumers’ hands that month, according to new data from the Internal Revenue Service.

Hooker Furniture Profits Spike on 7.4% Sales Increase

Hooker Furniture said net income shot up nearly 90% in the quarter ended April 30 due to improved profitability in its Hooker casegoods and upholstery segments.

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