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Furniture Retailers Face Bankruptcy Without Discounts: RH CEO
ByAinvest
Thursday, Sep 11, 2025 8:11 pm ET1min read
RH CEO Gary Friedman warned that furniture retailers will go bankrupt without discounts amid a weak housing market. He said upscale furniture makers are offering 30-40% promotions to attract shoppers. Friedman emphasized that furniture is an industry that rarely sells at full price, and to remain competitive, RH offers a membership program with lower prices for a $200 annual fee.
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