Furnishings weekly industry report: Tough week for stock indexes

It was a tough week for several Consumer Hardlines WTR stock indexes. The Commercial/Contract Furniture Index was off 4.6%, while the Home Goods Retailers Index fell 6.8% versus the four benchmarks (down between 0.8% and 3.4% for the week).The relative bright spot was Residential, which was down only 0.7%. Yet the two reporting issues in Residential did not enjoy the week. Lovesac (-19.7% for the week) continues to gain market share, while Hooker (-16.7% for the week) confirmed exceptionally soft industry demand in its 4QFY24 report.