What’s behind the dramatic downturn in home furnishing sales since 2022? How are major retailers adapting to survive in today’s challenging market? The home goods industry faces its most significant slump since 2008, with retailers from Wayfair to Home Depot reporting substantial losses. From shifting consumer priorities to a stagnant housing market, multiple factors have created a perfect storm that’s reshaping how companies approach their business strategies. Keep reading to discover how industry leaders are innovating their way through this crisis and what the future holds for home goods retailers.
The Home Goods Industry Slump: Causes & Survival Tactics
