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, [...]
Furniture Makers Are Getting Creative
Steel prices up 300% during the last five years, experts say, and 50% in the last nine months alone have already affected industry players such as Leggett & Platt, which makes furniture swivels and coil springs. The Missouri company has had to raise prices on some recliner mechanisms three times in as many months. “Metal [...]
Credit ‘frenzy’ hits SA furniture group
FURNITURE and consumer electronics retail chain owner JD Group has blamed reckless lending by its competitors for its interim operating profit dropping by nearly half.
In the results statement for the six months ended February, it blamed “the frenzy to drive credit sales in the run up to the introduction of the National Credit Act, which [...]
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 [...]
Artist Jason Salavon takes inspiration for show from furniture company Ikea
As a consumer, Jason Salavon has had the experience of putting together the sleek, affordable furniture of popular retailer Ikea. As an artist, he decided he’d rather break the Scandinavian company down.
Salavon created a collection of works inspired by the global home furnishings chain, whose typically mammoth blue and gold stores offer everything from build-it-yourself [...]
Longoria keeps furniture moving
After delivering furniture for more than three decades, Gus Longoria decided four years ago to get into the Furniture sales end of the business, so he purchased California Furniture Liquidators in Salinas.
During all the years he was delivering furniture, the Longoria, who lives in the foothills east of Salinas, said he hoped to one day [...]