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Conference Board: Consumer confidence down unexpectedly in November

Washington - The Conference Board said Tuesday that consumer confidence in November fell to a reading of 88.7, down from a revised 94.1 in October. The drop, which surprised analysts, put the index at its lowest level since June.
 
Consumer confidence retreated in November, primarily due to reduced optimism in the short-term outlook,” said Lynn Franco, director of economic indicators, Conference Board.
 

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Havertys net income dips in Q3, plans 5 new stores

Net income at Havertys dropped 17% to $7.82 million in the third quarter of fiscal 2014 from $9.49 million in the same period the previous fiscal year, with higher selling, general and administrative (SG&A) expenses dampening profits.