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 firm stops work at Norwalk plant
Norwalk Furniture Corp., the city’s largest manufacturer and its second-biggest employer, suspended operations at its local facility yesterday, idling more than 500 workers.
The company told its local employees that they were not to report to work yesterday, and referred any questions to its human resources department. It gave no indication whether the shutdown would be [...]
Vacation led to teak furniture business
When Jes Powers and his friends took a vacation several years ago to Costa Rica, he had no clue it would eventually lead him to start a successful high-end teak furniture business.
Jes’ son, Jay, now manages Custom Teak, 4416 East Indian School Road in Phoenix. The furniture store has managed to do well during these [...]