Recent months have seen a notable downturn in the furniture retail sector. High-profile cases like the bankruptcy of Z Gallerie and significant layoffs at Wayfair have set a concerning precedent. Amidst this backdrop, a Florida-based furniture giant, CITY Furniture, is the latest to feel the economic pinch.
CITY Furniture, a household name in Florida with over 23 stores, is renowned for its blend of quality, selection, and affordability in home furnishings. It enjoys a strong customer rapport, as evidenced by high ratings and positive reviews. For instance, Plant City customers rate it 4.6 out of 5, lauding its diverse range and value for money.
Despite the looming layoffs, CITY Furniture continues to receive accolades from its customers. Kathleen, a satisfied customer, praised the store for its excellent customer service and an extensive collection, highlighting the positive impact CITY Furniture has had on its patrons.
The South Florida Business Journal broke the news on January 23, 2024, about CITY Furniture’s decision to lay off 39 employees. CEO Andrew Koenig attributed this tough call to the “ongoing economic challenges” and a need to align operating costs with the current demand. With a workforce of approximately 2,603 across Florida, this reduction represents a 1.5% cut across various positions.