Home Furnishings

11:50 a.m. Sept. 29, 2020 - By Aisha Al-Muslim
U.S. retail bankruptcies, store closures hit record in first halfRetail bankruptcies, liquidations and store closings in the U.S. reached records in the first half of 2020 as the Covid-19 pandemic accelerated industry changes, particularly the shift to online shopping, according to according to a report by professional-services firm BDO USA LLP.
9:28 a.m. Sept. 24, 2020 - By Ed Yardeni
Why the U.S. economy will soon recover and get back to the good old days of 2019 Ed Yardeni: ‘Almost everyone in the U.S. last year was doing better than ever’ Ed Yardeni: ‘Almost everyone in the U.S. last year was doing better than ever.’
1:04 a.m. Sept. 24, 2020 - By Ben Stewart
What’s it like to own an Audi e-tron? The roomy electric crossover is the perfect size for this family, and makes a great road-trip car—here’s the pros and consUntil we got one, our family couldn’t find an EV that fit our needs. Here’s what life is like with this electric crossover.
6:22 a.m. Sept. 11, 2020 - By Jeffry Bartash
U.S. consumer prices surge for third month as cost of used cars soar, but inflation still low and expected to stay that way Consumer price index rises 0.4% in August; used car prices rev upThe cost of goods and services rose sharply in August for the third month in a row, but the increase mostly stems from a rebound in prices after a steep decline early in the coronavirus pandemic. Overall inflation is still quite low.
8:18 a.m. Aug. 18, 2020 - By Tonya Garcia
Wayfair is on S&P’s ‘most vulnerable’ list despite soaring stock, new customer numbers Blue Apron and J.Jill are also on the S&P Global Market Intelligence listWayfair shares have soared more than tripled for the year to date, but S&P Global Market Intelligence has the online home retailer on its “most vulnerable” list.
3:05 a.m. Aug. 7, 2020 - By Tonya Garcia
Wayfair served almost 5 million new customers in the second quarter but analysts question whether they’ll return Wayfair stock has more than tripled in 2020Wayfair says millions of new customers, as well as a million lapsed customers, shopped the home goods site during the most recent quarter.
9:56 a.m. Aug. 5, 2020 - By Ciara Linnane
Coronavirus update: Global death toll tops 700,000 with 18.5 million confirmed cases and U.S. accounts for more than a quarter Disney posts an almost $5 billion loss as parks, film and cruise business hammered by pandemic, leaving only streaming to shineThe number of confirmed deaths across the globe from the coronavirus illness COVID-19 climbed above 700,000 on Wednesday, according to data aggregated by Johns Hopkins University, as the case tally climbed above 18.5 million, with the U.S. accounting for 4.77 million of that total, or more than a quarter.
8:33 a.m. July 10, 2020 - By Ellis Henican
While politicians squabble, New York schools make their own plans Not waiting around for Washington, Albany or City Hall to decideParents, teachers and local officials are tuning out the divisive rhetoric and tackling thousands of crucial details.
11:22 a.m. July 4, 2020 - By Paul Brandus
Why your first five years of retirement are critical Don’t get forced into a cornerDon’t get forced into a corner
4:45 a.m. June 24, 2020 - By Barbara Kollmeyer
A surge in U.K. retail stocks has gone ‘too far, too fast,’ warns Citigroup Investors are underestimating downside risks from COVID-19, and the run enjoyed by the retail sector lately is probably not going to last, said analysts at Citigroup, in a note to clients on Wednesday.
6:53 a.m. June 17, 2020 - By Quentin Fottrell
‘It’s alarming to look at how many Americans used these funds to keep a roof over their head’ U.S. retail sales jumped by 17.7% in May. Economists polled by MarketWatch had forecast an 8.5% increaseU.S. retail sales jumped by 17.7% in May. Economists polled by MarketWatch had forecast an 8.5% increase.
4:00 a.m. June 13, 2020 - By Jeffry Bartash
The coronavirus recession may already be over, but it’s a long uphill climb to ‘normal’ U.S. retail sales seen rebounding from record drop as states reopenThe U.S. economy appears to be climbing out of a short though historically steep recession, but a return to normalcy? That’s not in the cards anytime soon.
5:17 a.m. June 9, 2020 - By Tonya Garcia
RH is planning to open hotels and sell houses, but analysts ask whether it can pull it off The home retailer is also launching international locations in Paris and London, and offers a chartered yachtRH has a strategy to expand its lifestyle brand beyond home furnishing stores and into travel and even real estate.
10:06 a.m. June 4, 2020 - By Ciara Linnane
Coronavirus update: Global case tally climbs above 6.6 million and California reports a rise in infections amid protests and reopening Amazon is adding to its fleet of cargo jets at a time when aircraft values are depressed; Michaels Cos. earnings fall way shortThe number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.
8:07 a.m. June 4, 2020 - By Howard Gold
New York City has come back from every crippling blow — but coronavirus could land a knockout punch America’s premier global city is reeling from COVID-19 and a deep recessionAmerica’s premier global city is reeling from COVID-19 and a deep recession.
3:25 a.m. June 1, 2020 - By Tonya Garcia
Parents flocked to Pottery Barn Kids and Teen during the lockdowns, driving Williams-Sonoma results Williams-Sonoma stock soars more than 14% in Friday trading after resultsWilliams-Sonoma credited its e-commerce capabilities and its Pottery Barn Kids and Teen business for better-than-expected results.
2:15 p.m. May 27, 2020 - By Ciara Linnane
Coronavirus update: Global death toll climbs above 353,000; U.S. deaths surpass 100,000 Domino’s Pizza and Papa John’s enjoy strong sales bump, while Ralph Lauren’s sales falter with stores closedThe number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.
5:22 a.m. May 21, 2020 - By Tonya Garcia
Lowe’s benefited from delayed DIY projects done during coronavirus lockdowns, while Home Depot saw professional jobs put on hold Lowe’s beat profit expectations while Home Depot fell shortLowe’s reported earnings and sales that beat expectations. Home Depot sales beat expectations, but profit fell short.
9:35 a.m. May 19, 2020 - By Andrew Keshner
This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying Economists looked at the spending and saving habits of more than 1,600 people who received their stimulus check by April 21 Economists looked at the spending and saving habits of more than 1,600 people who received their stimulus check by April 21.
8:57 a.m. May 7, 2020 - By Tonya Garcia
Wayfair stock is soaring, but analyst says growth will ‘hit a wall’ Wayfair shares, which were up 9% on Wednesday, have skyrocketed 131% over the past monthWayfair shares have jumped but GlobalData Retail says the numbers show that growth will decelerate.
3:34 a.m. May 4, 2020 - By Tonya Garcia
Neiman Marcus is likely just the start: Analysts expect 100,000 stores to close by 2025 Executives at Keds and K-Swiss think their sneaker brands will get a boost from coronavirus-related trendsUBS analysts think permanent store closures will jump as the coronavirus pandemic speeds e-commerce adoption.
12:08 p.m. April 27, 2020 - By Tomi Kilgore
Coronavirus update: Optimism over phased reopenings only slightly tempered by continued concerns over inadequate testing for COVID-19 virus Worldwide cases tops 3 million; General Motors suspends its dividend and stock repurchases, Regis’ stock sees a boost as some states allow beauty salons to reopenThe growing optimism over the phased reopening of businesses in some states and other countries, as evidenced by the rallies in the U.S. and some international stock markets on Monday, has been only slightly tempered by continued concerns over the lack of adequate testing for the COVID-19 virus.
9:32 a.m. April 27, 2020 - By Tomi Kilgore
Haverty Furniture to reopen all stores by mid-May, but will reduce workforce by 34%Haverty Furniture Companies Inc. said Monday that while it expects to reopen all of its stores by mid-May, it was reducing its workforce by 34%, given the "dramatic shock" from the coronavirus pandemic and the uncertainty over the ongoing impact. The home furnishings retailer, with stores in 16 states in the Southern and Midwestern regions, said it was reducing its workforce of 3,495 by about 1,200. The stock rallied 5.3% in afternoon trading. The company said it was extending the furlough of about 730 employees for another 30 days. On April 1, the company said it was extending its core closures for another 30 days, from the original expectation of April 2, and furloughed 3,033 employees, or 87% of its workforce. Haverty expects to reopen 108, or 90% of its 120 stores, on May 1, and the remaining stores by mid-May. The stock has dropped 35.8% over the past three months, while the S&P 500 has lost 11.5%.
4:44 a.m. April 27, 2020 - By Tonya Garcia
Target’s soaring online growth suggests scared shoppers may not return when malls and department stores reopen Target’s latest update suggests the consumers are trying to balance what they need versus what they want as lockdown wears onShoppers are concerned about staying safe from COVID-19 and their financial health, which will affect their willingness to go back to department stores and malls.
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