Yet another furniture retailer hits Chapter 11 bankruptcy on NYE
Yahoo Finance·2026-01-01 01:47
When people fear losing their jobs while struggling to pay everyday bills, they probably don't replace their couch unless they truly have to. In some cases, furniture is a need, but even then, an old sofa or somewhat used kitchen table can be scrounged on Facebook Marketplace or found at a yard sale. "Furniture shipments decreased by 6% between August 2024 and August 2025, while backlogs remained flat. Furniture stockpiles, however, increased by 3% from August to August, a possible indication that retai ...