Hooker Furnishings (NASDAQ: HOFT) has been one of the names affected by these trends, not only on a financial basis but also on a stock performance metric. Names like Lovesac (NASDAQ: LOVE) and Flexsteel Industries (NASDAQ: FLXS) have taken the back seat during the past twelve months, as HOFT shares blew past them by 18.6%. With the real estate market slowing down amid the United State's FED interest rate hike paths as an attempt to combat rampant inflation levels, there were plenty of sub-industries in the value chain that began to face the challenges of such a slowdown.