Furniture & Decoration
Table of Contents
From 2007 to 2009, value sales of home furnishings fell sharply. For a category which had seen value sales grow consistently since 1999, the recession in the US created a perfect storm. First, retail purchases of home furnishings are closely tied to consumer confidence, which was devastated by the financial crisis and the resulting economic turmoil. At the same time, the housing market – which is also closely tied to consumer spending on home f...More »
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