Economic challenges in the furniture retail sector have forced some retailers to close stores to alleviate financial distress. Rising labor and product costs, along with increased tariff levies and lingering effects from the Covid pandemic, have pushed furniture companies to the brink. New orders in the industry have fluctuated, with a 9% decline in June and a 6% increase in July compared to the previous month. American Signature Furniture is closing its Nashville-area stores to realign its market presence. The company operates 122 stores in 17 states and employs over 3,200 workers.

Read more at Yahoo Finance: 77-year-old popular furniture retailer closes store locations