Ikea Gives Bicycles to all its U.S. Employees

Top 100 company Ikea surprised all of its U.S. work force with shiny new bicycles as a holiday time thank you, according to a story on the CNN Money website.

The gift of silver mountain bikes “is our way of saying, ‘Thanks Ikea coworkers for being strongly committed to working together,’” Ikea U.S. President Mike . . . → Read More: Ikea Gives Bicycles to all its U.S. Employees

Consumer Confidence Hits Highest Level in 5 Months

Survey suggests more optimism about the job market

NEW YORK — Consumer confidence rose to its highest level in five months in November, according to The Conference Board’s widely followed Consumer Confidence Index.

The index stands at 54.1, up from 49.9 in October, based on preliminary results of a monthly survey taken through Nov. 19. . . . → Read More: Consumer Confidence Hits Highest Level in 5 Months

Anti-Dumping Duties On Chinese-Made Wood Furniture to Continue

The U.S. International Trade Commission has voted unanimously to continue anti-dumping duties on Chinese-made bedroom furniture for another five years, the ITC announced today.

The vote marks the culmination a year-long Sunset Review process that determines whether to continue the duties for another five years. The U.S. government first imposed the duties in June 2004 . . . → Read More: Anti-Dumping Duties On Chinese-Made Wood Furniture to Continue

5 Ashley Stores Closing in North Carolina

The owner of five Ashley Furniture HomeStores in North Carolina, which filed for bankruptcy this summer, is closing the stores.

Liquidation sales at the five HomeStores operated by FreDe Enterprises LLC, in Raleigh, Durham, Clayton, Fayetteville and Goldsboro, N.C., began last week and are expected to run for about 120 days, said DeShon Hodge, a . . . → Read More: 5 Ashley Stores Closing in North Carolina

SpongeBob Draws Big Crowds to Nebraska Furniture Mart

Launching of new Nickelodeon Furniture Line

The opportunity to be in a photo with SpongeBob SquarePants drew thousands of families to Nebraska Furniture Mart here and hundreds more to its flagship store in Omaha, Neb.

Partnering with manufacturer Lea Inds., NFM helped launch the new Lea Nickelodeon Rooms youth bedroom collection at retail, offering free . . . → Read More: SpongeBob Draws Big Crowds to Nebraska Furniture Mart