LONDON -- (Marketwire) -- 11/14/12 -- Consumer confidence recently reached its highest level since 2008. With the housing market continuing to gain strength, confidence could get even better. This is good news for companies in the home furnishing stores industry, such as Williams-Sonoma Inc. and Pier 1 Imports Inc. As retail companies head into the holiday season there is a general feeling of cautious optimism.
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Moving forward, the primary concerns for the industry seem to be maintaining profit margins, which could come under pressure from rising commodity and labor costs as well as intense competition and higher advertising expenses. The pending fiscal cliff and the turbulent global economy are also concerns, as they could negatively impact the recovery if they take a turn for the worse. See what our analysts have to say on Pier 1 Imports Inc. Follow the Link below
Nevertheless, home furnishing stores seem relatively upbeat and are focused on keeping pace with current trends and achieving growth. Some companies have been introducing new lines in time for the holiday season, while others are expanding their reach via acquisitions or new store openings. Analyst opinion on Williams-Sonoma Inc. accessible for free at
A running theme across the segment is an added focus on online sales by increasing online presence and improving websites.
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