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8.14322774281942E-05 -0.000290829562243343 -0.000165191191354148 0.00110515233652476 0.00208233966566229 0.00468817254336266 0.00450204162352695 0.00613068717208965
Stock impact report

A Big Shipper Just Reported 'Historically Low' Furniture Demand [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Other furniture firms are being strained by what an upholstery firm executive called "historically low" demand for home furnishing. Consumers appear to have waited for Prime Day and other major retailers' sales to buy appliances, electronics and other big items, according to Adobe. Americans are holding off on furniture and other big—meaning both in terms of size and price—purchases, according to a big shipping company. JB Hunt Transport Services ( JBHT ) is seeing tepid demand for “final mile” deliveries of large items, Chief Operating Officer Nick Hobbs said on a conference call Tuesday. Hobbs doesn't expect a shift toward big purchases any time this year, he added. Slow furniture sales are straining other companies, including luxury furniture retailer RH RH ) and Culp ( CULP ), a North Carolina-based upholstery firm. "Historically low" demand for home furnishing has weighed on fabric sales, CULP CEO Robert Culp IV said last month. “The end markets in this business remain Show less Read more
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