The furniture business, which saw a spike in sales during the Covid pandemic, has largely gone in the other direction. “Our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis,” Wayfair CEO Niraj Shah said in a press release. “Customers remain cautious in their spending on the home.” Any reference to the bleak days of the 2008 housing crisis is troubling, but furniture compan ...