Declining furniture sales, following a multi-year housing slump and rising product and labor costs driven by inflation and higher tariffs, have been blamed for a reduction in furniture company sales and profits over the last year.
The trend carried over from 2025 into this year as furniture and home furnishings sales have fallen for three straight months in 2026, according to the CNBC/National Retail Federation Retail Monitor, declining 0.11% in March, 0.27% in February, and 0.31% in January, month-over-month, seasonally adjusted.
Dismal sales results have led struggling furniture companies in some cases to close stores and businesses and file for bankruptcy.