Shares of some furniture stocks are trading lower after retail sales at furniture and home furnishing outlets fell in May.
Portfolio Pulse from Benzinga Newsdesk
Shares of some furniture stocks are trading lower after retail sales at furniture and home furnishing outlets fell in May.
June 18, 2024 | 6:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Shares of The Lovesac Company (LOVE) are trading lower due to a decline in retail sales at furniture and home furnishing outlets in May.
The decline in retail sales at furniture and home furnishing outlets directly impacts The Lovesac Company, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shares of RH (Restoration Hardware) are trading lower due to a decline in retail sales at furniture and home furnishing outlets in May.
The decline in retail sales at furniture and home furnishing outlets directly impacts RH, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shares of Wayfair Inc. (W) are trading lower due to a decline in retail sales at furniture and home furnishing outlets in May.
The decline in retail sales at furniture and home furnishing outlets directly impacts Wayfair Inc., leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80