77-year-old popular furniture retailer closes store locations
Yahoo Finance·2025-10-19 05:48
Economic challenges in the furniture retail sector have led retailers to close stores to reduce their financial distress. A combination of factors, such as rising labor and product costs driven by inflation, increased tariff levies, and lingering effects from the Covid pandemic, have pushed furniture companies to the edge of the cliff. The economic distress has been so bad that some furniture retailers have decided to shut down their businesses, including Salisbury, Md.-based Outten Brothers Home Furnish ...