News Formal

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

  • 📰 nypost
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 67%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines 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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in PH

Philippines Philippines Latest News, Philippines Philippines 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 itemsPeople aren't buying furniture like they used to.
Source: KSLcom - 🏆 549. / 51 Read more »