Which furniture retailers should you choose for your next furniture purchase?
According to the New York Times, furniture retailers such as Lowe’s and Home Depot are doing a great job of keeping their inventory stocked, but the New Jersey-based retailer, like many of the other retailers listed on the list, is also working to cut costs to save money.
Lowe’s recently announced a $2 million reduction in the cost of its retail stores.
This is in line with a similar initiative by Home Depot, which said it is cutting costs in the retail department by 30% and is offering free shipping on items purchased through its online store.
Home Depot is also slashing its staff.
“Our stores are now in a very lean position,” the company said in a statement.
“Cost is not the only reason for store closures.
We’re investing in a better customer experience that aligns with our business philosophy.”
Lowe’s has been the top-selling furniture retailer in the U.S. for nearly two decades.
It has over 70 stores in 24 states and Puerto Rico.
Lowe said it would be closing down more than 50 of its stores in the next two years.
However, some of its competitors, such as Home Depot and TJ Maxx, have been working to keep their stores stocked, as well.
TJ Max, for example, announced last month that it would cut costs and focus on selling fewer products and cutting its workforce by 30%.
Lowe’s said it has also cut its workforce.
But TJ Max is not alone.
Walmart, Target and Costco have also announced that they would be cutting employees, as has the department store chain Macy’s.
The Wall Street Journal reported in February that Lowe’s is the second-largest furniture retailer by sales in the United States.
Lowe has been increasing its retail and online sales over the last few years, and has been one of the top retailers for several years.
According to Lowe’s, its stores are doing well.
According the Times, Lowe’s retail sales increased by a whopping $4.7 billion in the second quarter of 2017, according to its annual report.