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IBM Forecasts Sales Of Home Furnishings In Q2 Will Be Higher - Quick Facts

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International Business Machines Corp (IBM: Quote) Friday stated that sales of home furnishings in the second quarter of calendar year 2012 would shoot higher.

Relying on its analytics-based forecast, IBM predicts that in-store sales would increase nearly 8 percent to $23.22 billion and online sales would post an increase of 28.4 percent for the second quarter.

Combined in-store and online sales of home furnishings are expected to grow 16.6 percent in the second quarter, IBM further added.

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by RTT Staff Writer

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