Kasala Modern Home Furnishings chain closes down, no bankruptcy

Furniture is an important aspect of a home’s environment, and consumers are always disappointed whenever their favorite source of home furnishings closes down.

The success of the furniture sector often depends on the performance of the residential real estate market.

As home sales rise, so do furniture sales, since buyers also purchase furniture for their new houses. When home sales drop, the furniture sector suffers.

Home sales declined in 2025

Total home sales for 2025 were about 1,000 lower than in 2024, registering 4.061 million compared to 4.062 million, which was also the lowest annual home sale total since 1995, according to Realtor.com…

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