Recent earnings reports from retailers such as Big Lots (BIG), Home Depot (HD), Lowe's (LOW), and Best Buy (BBY), showed that consumers are pulling back their spending on big-ticket items like appliances and furniture.
Yahoo Finance Markets Reporter Ines Ferre explains the consumer shift to "spending more on services and less on goods," as well as how this spending pullback is causing "some cracks in manufacturing," particularly "for the furniture side," with the shutdown of furniture companies United Furniture and Mitchell Gold + Bob Williams.
