40-year-old furniture chain files for Chapter 11 bankruptcy [Yahoo! Finance]
MAN WAH HLDGS UNSP/ADR (MAWHY)
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Source: Yahoo! Finance
Furniture and home furnishings sales continued to decline for three straight months in 2026, according to the CNBC/National Retail Federation Retail Monitor , declining 0.11% in March, 0.27% in February, and 0.31% in January, month-over-month, seasonally adjusted. The furniture industry has cited declining sales, as a result of a multi-year housing slump, and rising product and labor costs driven by inflation and higher tariffs, for a reduction in furniture company sales and profits. “Furniture, of course, is many times a discretionary and deferrable expense, so weakness in the overall economy or declines in consumer confidence, like we've seen the last few months, can impact consumers' willingness to spend,” Mark Laferriere, an assurance partner at Smith Leonard, told Homes.com in November 2025. “Furniture purchases are also tied to the overall housing market, which has been sluggish, but could be primed for a resurgence with higher inventory and the ongoing reductions in inte
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