78-year-old furniture chain closing all stores

In post-pandemic America, consumers have become cautious about big-ticket spending. That's partially because many people spent money on home upgrades during the Covid days and somewhat because of the current worries about the economy. "As 2025 drew to a close, consumers were still wary about making higher ticket spends. A McKinsey & Co. report from November showed 47% planned to spend less of their discretionary income on furniture in the fourth quarter vs. just 18% who planned to spend more," Furniture T ...