All articles tagged with #home furnishings
Several longstanding furniture retail chains, including American Signature and Buddy's Home Furnishings, have filed for Chapter 11 bankruptcy in 2025 due to economic challenges, declining housing markets, and supply chain issues, marking a significant downturn in the industry that was once dominated by major players like Breuner's and Levitz.
At Home, a national home furnishings retailer, announced the closure of six additional stores as part of its ongoing Chapter 11 bankruptcy proceedings, bringing the total closures to 28 nationwide in 2025, amid a broader trend of retail store closures and bankruptcies this year.
Best Buy and IKEA U.S. are partnering to pilot new in-store kitchen and laundry planning services in select stores in Florida and Texas, combining appliances and home furnishings to create a one-stop shopping experience for customers.
RH Palo Alto, a new 55,000-square-foot gallery and rooftop restaurant, will open Friday at Stanford Shopping Center, replacing the longtime RH store on University Avenue. The three-floor space combines retail, design, and dining, featuring a first-floor gallery, a second-floor design studio, and a third-floor restaurant with views of the Santa Cruz Mountains.
This list features 39 pieces of furniture and decor items for maximalist homemakers, including a funky floor-length mirror, contemporary end table, dimmable sad duck night-light, vintage-inspired doormat, upholstered bed frame, hanging disco ball planter, dino nugget pillow, UFO-shaped cat box, mushroom night-light, cow print ottoman, 3D flower wall hanging, strawberry toilet seat, snail hand soap dispenser, giant Lego storage drawer, Anthropologie sofa, skateboard shelves, hot pink lip-shaped settee, Tarot-themed room divider, faux taxidermy toucan, decorative bow drawer pulls, banana duck figurine, vinyl stand, disco ball bar cart, cherry toilet brush, decorative cat towel, Iris Apfel x Ruggable washable area rug, melting Dalí clock, animal kingdom wall hooks, egg-shaped bath mat, bold peel-and-stick wallpaper, contemporary sculptural lamp, geode bookends, whimsical origami chandeliers, accent chair.
RH stock rose 15% after reporting disappointing Q4 earnings but giving better-than-expected guidance for 2024, indicating a return to growth despite struggles in a challenging housing market. The company plans to invest in marketing and new products in preparation for a recovery in demand, and expects revenue growth of 8%-10% and demand growth of 12%-14% for 2024. RH has also been aggressively buying back shares and anticipates benefiting from the expected decline in interest rates later this year.
Home furnishings company RH (formerly Restoration Hardware) issued a warning about the frozen state of the U.S. housing market, leading to a 14% drop in its stock. RH cited low interest rates and high mortgage rates as factors contributing to a lack of demand for homes and home furnishings. The company reported a surprising quarterly loss and pushed back the release of its new catalog. RH remains hopeful that a potential interest rate cut by the Federal Reserve could restore demand.
More shoppers are turning to buy now, pay later services to manage their household budgets as inflation continues to rise. According to Adobe Analytics, the share of online purchases using such services grew 10% YoY within the first two months of 2023, with grocery shoppers leading the way with a 40% increase in usage. Home furnishings also saw a 38% increase, while apparel only grew 8% and electronics fell by 14%. The rise in usage for groceries suggests that consumers are making bigger purchases online to take advantage of special promotions and manage living expenses in more flexible ways.