Furniture Stores Show September Stock Gains
In a market where retail has struggled and a number of chains have closed stores or even gone bankrupt, investors seem willing to reward companies that prove resilient to digital competition.
The furniture space has proven to be one market where the so-called retail apocalypse has not been too disruptive. There are, of course, online retailers like Wayfair selling home furnishings, and even Amazon sells some, but it seems most consumers still want to touch couches, beds, or other furniture before buying.
In September, four furniture retailers -- Conn's (NASDAQ: CONN), La-Z-Boy (NYSE: LZB), Haverty Furniture Companies (NYSE: HVT), and Ethan Allen Interiors (NYSE: ETH) -- all posted strong gains in their stock prices. Only one of them, Conn's, reported any major news during the month; the other three rode the momentum of their most recent earnings reports.
Source: Fool.com
