Home improvement businesses are expecting lower profits this year as demand tapers off and U.S. shoppers pull back spending on big-ticket items like appliances and furniture. The Home Depot and Lowe’s both reported drops in comparable sales for their second-quarter earnings. In addition to changing customer habits around large purchases, […]
demand
The sudden drop in consumer demand after more than a year of explosive buying has caught many in the furniture industry flat footed and left retailers and manufacturers with excessive inventory challenges. While the industry is universally affected, the impact varies greatly from one retailer to another and from one […]
