Will more rate drops be needed to spur housing and furniture sales?
While this week’s 1st interest rate decrease in 4 years is indeed welcome, housing affordability remains a key issue, particularly for younger consumers WASHINGTON — …
Author: Thomas Russell
Home News Now Editor-in-Chief Thomas Russell has covered the furniture industry for 25 years at various daily and weekly consumer and trade publications. He can be reached at tom@homenewsnow.com and at 336-508-4616.
August housing completions rise 30.2% over August 2023
Growth in completions and housing starts increase inventory levels as borrowing costs could drop further in light of this week’s 1st interest rate decrease in …
August furniture store sales fall slightly from August 2023
Year-over-year decrease was the smallest since March 2023, when sales fell 1.8% from a year earlier WASHINGTON — Furniture retail sales had their smallest decrease …
A conversation with Emily McGarvey, Room & Board’s director of sustainability
Exec discusses the many earth-friendly initiatives the retailer has developed over the years, making it a leader in the field among its peers GOLDEN VALLEY, …
Marge Carson unveils new case goods collections
Additions to wood line are the company’s 1st since the launch of its Privé collection and Loire bedroom collection last fall CHICAGO — Luxury furniture …
Belle Meade Signature moving to new space at High Point Market
Company says new space places it alongside lines that offer similar high style, customization and customer base HIGH POINT — Luxury wood furniture resource Belle …
GJ Styles names Rick Stroud executive VP of sales
HIGH POINT — Antique reproduction wood furniture specialist GJ Styles has hired industry veteran Rick Stroud as executive vice president of sales, a new position. …
International Textile Alliance names Tammy Covington Nagem, Tom Notaro to board
HIGH POINT — The International Textile Alliance has named Tammy Covington Nagem and Tom Notaro to its board of directors. Nagem is president and chief …
Big Lots reports declines in Q2, 1st-half sales
Retailer slightly narrows net loss during the same periods, while also reporting $556.1 million in debt which its earnings statement described as in “default and …
Court OKs 1st-day motions to support Big Lots’ ongoing operations
Funding also allows company to continue paying employee wages and benefits while its Chapter 11 bankruptcy and planned sale of assets and operations play out …
