CNN — People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Thursday, luxury furniture brand RH reported a 19% drop in second-quarter revenue, while on Friday, Hooker Furnishings, a Virginia-based furniture manufacturer that sells goods at Wayfair, Macy’s and other retailers, said their second-quarter revenue plummeted 36%. Investors appear to be worried. On Friday, shares of RH (RH) fell 16%, while Hooker Furnishings (HOFT) dropped 17%. The two companies are the latest in a growing list of furniture retailer
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