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

Malaysia News News

Furniture sales at RH, Pottery Barn, West Elm tank as US housing market cools
Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.”

 

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Read more »



Render Time: 2025-01-09 13:44:01