Furniture makers mull moving back home
Furniture maker Carol Gregg got some puzzled looks when she went looking for a U.S. factory to make her Chinese antique reproductions.
Like Gregg, many furniture makers are finding it hard to return, primarily because of steep factory start-up costs and lack of skilled labor. The credit crisis that began with failing mortgages but has now [...]
ScS share plunge underlines chilling downturn in furniture sales
Shares in ScS Upholstery, the furniture retailer, plunged almost 40pc today after the store group said that an unnamed credit insurer had stopped offering cover to a number of suppliers who sell sofas to the retailer.
The announcement, which relates to a technical aspect of the supply chain, is chilling evidence of the steep downturn in [...]