Hooker Furnishings and RH are both scheduled to report their latest quarterly financial results this week, offering a snapshot of the current state of the luxury and mid-range furniture markets.
Hooker Furnishings will release its fiscal 2026 third quarter results, according to an investor relations notice. The company recently transitioned its casegoods brands, including Hooker Furniture and Samuel Lawrence Furniture, to Magnussen Home. This move signals a strategic shift within the company, though the financial impact of the transition will be detailed in this week’s report.
RH, formerly known as Restoration Hardware, will report its third quarter fiscal 2025 financial results on December 11, 2025, according to its investor relations website. The company positions itself as a purveyor of high-finish home products.
The announcements come as the broader home furnishings market faces economic pressures. The global home furnishing market was estimated at USD 1,018.2 billion in 2024 and is projected to reach USD 1,703.86 billion by 2030, growing at a CAGR of 9.2% from 2025 to 2030, according to a recent industry report. North America currently holds the largest market share, at 36.67% in 2024, with the U.S. Accounting for 67.56% of that share.
These reports as well arrive amid significant restructuring within the Canadian furniture retail landscape. Home Hardware announced in November 2025 that it will close its Home Furniture banner by May 31, 2026, ending decades of operation. The closure is part of a broader strategic realignment for Home Hardware, focusing on its core home improvement and hardware business. The move will impact dozens of dealer-owned stores, primarily in smaller communities and reflects increasing competition from major chains and online retailers.
Online sales continue to be a significant factor in the home furnishing market, accounting for a revenue share of 34.94% in 2024. Indoor home furnishings represent the largest segment, holding a revenue share of 92.44% in the same period.
