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Home furnishings sales continue major slump in October; more orders are cancelled by retailers, customers

New home-furnishings orders fell for the 16th consecutive month during October, down almost 30% year over year to $1.92 billion, as retailers and consumers continued to cancel or delay orders.

Orders also were down 17.4% from $2.33 billion in September, according to the latest survey of U.S. manufacturers released Friday by industry research firm Smith Leonard PLLC of High Point.

About 88% of study participants reported a decrease in orders during October, compared with 91% of participants in September.

The firm said a deeper dive into the new order trends shows they have been affected primarily by order cancellations from

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Five to be inducted into American Home Furnishings Hall of Fame

HIGH POINT, N.C. — Five new members will be inducted into the American Home Furnishings Hall of Fame Foundation. The Hall of Fame Induction Celebration will be held Sunday, Oct. 23, at the Sheraton Greensboro Four Seasons in High Point, North Carolina.

Joining the current 126 members of the Hall of Fame are (pictured above, left to right): Michael Amini, chairman and CEO of AICO/Amini Innovations Corp.; Michael K. Dugan, former president and CEO of Henredon Furniture Industries; John Gabbert, founder of Room & Board; Neil Goldberg, chairman and CEO of Raymour & Flanigan Furniture; and Stephen K. Pond, founding

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