Layoffs at Popular South Florida Furniture Store Chain; Many People Affected by Job Cuts
Miami Beach, FL: CITY Furniture, a famous South Florida-based retailer of home, office, and other furnishings statewide, stated Monday that it had laid off 39 employees, or 1.5% of its staff, “due to ongoing economic challenges over the last several months.”
Layoffs have ravaged the retail furniture industry since last year, as consumers have become more hesitant to buy due to rising prices. In total, the corporation employs 2,600 individuals across the state.
Wayfair, a Boston-based online retailer, announced late last week that it is laying off 1,650 individuals, or 13% of its workforce, as part of a cost-cutting strategy to improve its financial performance.
CITY Furniture, based in Tamarac, runs 23 showrooms spanning from Miami to Vero Beach, as well as in Southwest and Central Florida. It also manages 14 Ashley Home Store showrooms in Southeast and Southwest Florida under license.
CITY Furniture began as Waterbed City in 1971 and has “evolved into a leading furniture and home accents destination,” according to its website. The company has an e-commerce website, its own manufacturing facility in Mississippi, and a warehouse/showroom in Tampa. This move has affected all the laid-off employees and their families.