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, [...]
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 [...]
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 [...]
Garden furniture sales up 75% at John Lewis
Last week’s hot weather may have caused overall sales at John Lewis to dip but the outdoor living section had a record week. Store sales for the week to May 10 dropped 4.3 per cent on last year to ￡47 million, while garden furniture and accessories sales were up 75 per cent.
John Lewis said the [...]