Frozen Housing Market Reshapes U.S. Furniture Retail
America’s furniture retailers are being squeezed by a frozen housing market, high mortgage rates, and inflation, forcing bankruptcies and store closures as demand for home furnishings dries up; Circle Furniture liquidated after bankruptcy, while others like Conn’s, At Home, and American Signature downsized or shut locations. Tariffs on imports and rising costs squeeze margins, pushing the industry toward a bifurcated market where big chains rework supply chains and expand formats (galleries, large-format stores) and smaller players struggle to survive.
