August existing home sales fall 4.2% from August 2023
Despite a glut of unsold homes, prices continue to rise in all 4 regions of the US WASHINGTON — Existing home sales fell 4.2% in …
Category: Markets
The latest from home furnishings markets
Magnussen Home adds new reps to its sales team
HIGH POINT — Magnussen Home has recently added additional sales representation to strengthen its sales group. Recent additions include: + Frank Stewart: Georgia and the …
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 …
Breaking down the Big Lots bankruptcy
They say a single death is a tragedy; multiple deaths are a sanitation problem. Here in the furniture sector, we have what increasingly looks like …
With politics dominating ad spaces, here are some ways retailers can still stand out
Picture me singing the following lines to the tune of Summertime, from Porgy and Bess: Election time, and the ads are quite sleazy Political smackdowns, …
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 …
Fairdeal Furniture opens Ashley store in Malindi, Kenya
MALINDI, Kenya – Recently, Fairdeal Furniture celebrated the opening of its new 4,000 sq. ft. Ashley Furniture HomeStore showroom located on Malindi Highway, Malindi, Kenya 80103. Fairdeal Furniture …
Nirvana Group opens Ashley store in Colombian capital
BOGOTÁ, Colombia – On August 17, Nirvana Group celebrated the Grand Opening and Ribbon Cutting of the new 2,000 sq. m. Ashley Furniture HomeStore showroom located on Multiparque, …
Labor Day sales highlight challenges, opportunities in different markets
Pockets of strong housing development, relocations help boost fortunes of some retailers HIGH POINT — As expected, Labor Day received mixed reviews from retailers around …
M.N. International opens first Ashley store in Suriname
PARAMARIBO, Suriname – On August 22, M.N. International celebrated the grand opening and ribbon cutting of its new 12,500 sq. ft. Ashley Furniture HomeStore showroom located …
