Businesses in the home-goods industry are facing a tough time, with falling sales numbers and order cancellations amid a slowdown in the housing market.
Sales at furniture and home furnishing stores fell 1.6 percent in August 2022 compared to the same time last year, according to a U.S. Census Bureau news release, on Sept. 15, detailing advanced estimates for the month. When compared to July 2022, sales were down by 1.3 percent. At electronics and appliance stores, August 2022 sales fell by 5.7 percent annually and 0.1 percent monthly.
