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 [...]