Why Furniture's Future Hinges on Loyalty, Tariffs, and Credit
Builders held steady but cut prices, furniture factories kept contracting while orders improved, and Synchrony bought a point-of-sale credit platform.
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Builders held steady but cut prices, furniture factories kept contracting while orders improved, and Synchrony bought a point-of-sale credit platform.
The tax bill passed the House by four votes and brought back full expensing for equipment, new home sales fell in May and freight volumes held flat.
ISM listed furniture among industries contracting in April with falling new orders and rising input prices, while March pending home sales posted their biggest gain since late 2023.
The Port of Los Angeles warned arrivals would drop about 35% as China tariffs hit, and Mattress Warehouse passed 500 stores by buying 176 locations.
Leggett & Platt agreed to sell its aerospace unit to refocus, regulators recalled dressers sold only on Wayfair, and furniture factories contracted in March.
New home sales rose 5.9% in November, consumer spending grew 0.4%, and East and Gulf Coast port talks remained stalled over automation.
Tempur Sealy's $4 billion Mattress Firm deal headed to a court hearing, the port contract ran to January 15, and furniture factory jobs kept slipping.
TD Bank agreed to a $3.09 billion resolution, household furnishings prices rose 0.2% in September, and ports expected 2.12 million TEU of imports in October.
A three-day port strike ended with a wage deal and an extension to January 15, furniture makers reported flat sales, and factory jobs fell to 338.1 thousand.
A strike at ports from Maine to Texas was hours away, consumer spending rose 0.2% in August, and new home sales held 9.8% above a year earlier.
Tempur Sealy agreed to sell 73 Mattress Firm stores to Mattress Warehouse, consumer credit grew at a 6.0% rate in July, and an October 1 port strike loomed.
Furniture makers reported growth in ISM's August survey, Culp's sales rose 14.2% from the prior quarter as it restructured, and furniture factory jobs fell again.
Existing-home sales rose 1.3% in July, ending a four-month slide, a court stopped the FTC's noncompete ban, and Purple moved to close two Utah plants.