TAKING STOCK AT HOME; HOME FURNISHINGS RETAIL NUMBERS SLIGHTLY OUTPACE DOW JONES AVERAGE.(industry sales and revenue)(Report)
HFN: The Weekly Newspaper for the Home Furnishing Network, August, 2006 by Rudnick, Michael
Byline: Michael Rudnick
NEW YORK-Home furnishings retailer and vendor stocks slightly outpaced somewhat lackluster broader market gains for the first half of 2005. However, as the once hot housing market becomes a thing of the past, home goods sales should slide and stock prices may not be far behind.
According to HFN's exclusive report on stock trading for the front half of 2006, the HFN Index, composed of 27 retailers and 20 manufacturers, climbed just shy of 3 percent, barely outpacing the Dow Jones Industrial Average gain of almost 3 percent for the same period.
Retailers recorded a nearly 3 percent total average increase for the quarter, led by Big Lots, Sears and Dillard's. Twelve of the 27 retailers reported gains, 15 were in the...
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