Az furniture sales plummet more than U.S. average
Arizona furniture sales and employment figures, dragged down by the housing industry, suffered a worse decline than the national average. The cost to bring products to the retailer and expenses for delivering furniture to consumers has risen. And many retailers absorb the extra costs, further lowering their profit margins, he said.
Tough economic times mean cutbacks, [...]
DSA Factors stepping up furniture factoring activity
Finance company DSA Factors is looking to step in where GE Capital Solutions is stepping away.
The small Chicago-based factoring company said it is “in talks with several GE accounts to replace the giant mega-corporation†in its capacity financing industry receivables.
Earlier this month, GE Capital said its Commercial Distribution Finance division was reducing its unsecured inventory [...]
Pro-Action Centre for Durham Furniture workers
For a long time, workers of Durham Furniture had a looming feeling of worry about the future of their jobs. In January of this year, the workers were downsized from the company. This left many out of work. On 10th Street in Hanover, above Bell World, is a buzzing office of staff awaiting phone calls [...]