Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Luxury furniture companies report huge losses as experts say stalling housing market means nobody is buying new sofas
- Furniture retailers are seeing sales slow as experts claim America’s cooling housing market means fewer shoppers are purchasing sofas.
- Two luxury US firms reported drops in their second-quarter sales last week, with California-based RH recording a fall of 19 percent while Hooker Furnishings said revenue was down 36 percent.
- Their share prices fell 16 and 17 percent respectively on Friday, CNN reported.
- Last month, Williams-Sonoma, which owns West Elm and Pottery Barn, reported the two brands dropped 20 and 10 percent from their respective revenues.
- Similarly, Wayfair, an online furniture seller, saw its second-quarter revenue decline 3.4 percent, CNN noted. Another furniture manufacturer, La-Z-Boy, reported a 20 percent drop in sales in August.
Read the original article by clicking here.
