#EconomicTrends
Major Furniture Retailer Begins Widespread “Going Out of Business” Sales as Chain Shutters Dozens of Stores
Hundreds of furniture stores in multiple states have launched going-out-of-business sales after the national chain announced it is closing operations. The closures come as part of a broader trend in which traditional furniture retailers face stiff competition from e-commerce platforms, economic headwinds, and shrinking consumer spending on home goods.