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Furniture sales at RH, Pottery Barn, West Elm tank as US housing market cools

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Furniture sales at RH, Pottery Barn, West Elm tank as US housing market cools
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Furniture retailers are seeing a slowdown in sales as Americans who are already struggling to afford homes aren’t shelling out for a new dining table or couch.

losses for the quarter, when revenue slid to $97.8 million — down 36% from $152.91 million a year ago.

Hooker’s chief executive Jeremy Hoff also attributed the company’s losses to mortgage rates, which have “slowed down housing activity.”

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Furniture companies in a rut as fewer people buy big-ticket itemsFurniture companies in a rut as fewer people buy big-ticket itemsPeople aren't buying furniture like they used to.
Fonte: KSLcom - 🏆 549. / 51 Leggi di più »