Despite Housing Bust, Modern Furniture Boom is Possible
I know it is a bit off-beat and what I’m about to say may make you scratch your head, it is known that with a housing slowdown upon us and recession fears suddenly real, but it is a great time to buy modern furniture, yes you heard it right. Even before the housing bubble burst, the furniture industry was in the throes of consolidation, as an influx of imports from the Far East spurred price competition that cut profit margins and forced many mom-and-pop stores to close and discount retailers may be the one to jump in.
For consumers, that means lower prices at the big-box furniture store. Which is a great plus to a buyer, Leonard B. Lewin, author of Shopping for Modern Furniture: A
Consumer’s Guide said that “Discounting is the name of the game today.” Leonard also adds that about three decades ago consumers could count on sales twice a year, in July and August and in January and February. Sources told me last year; according to Furniture Today, an industry publication the top 100 furniture stores posted a 6.6 percent increase in sales, to about $32 billion. That number itself suggests that was down from an 8.3 percent gain in 2005. Economists are keeping a close eye on consumer spending, which has slowed this year in the face of higher gasoline prices and the cooling housing market.
The bigger picture suggests that the sales for modern furniture now. The government reported yesterday that sales at modern furniture stores rose 0.5 percent in August from July as overall retail sales edged slightly higher on the strength of auto sales. The discounting trend is even more pronounced in the home furnishings market, according to a recent report from Morgan Keegan & Company, a brokerage firm based in Memphis. Well the numbers are getting a significant movement that the consumer having a glimpse of what the future holds. Let it be known that modern furniture is in demand nowadays whether there’s real estate boom or bust it is rather important to be knowledgeable in modern furniture picking.
To be sure, buying modern furniture can be fraught with pitfalls, including financing and delivery. It is important to have a research approach on modern furniture buying. Research brands and retailers, and examine rankings and quality reports. Do your homework on the Internet, but don’t necessarily buy there. If you do, he said, pay with a credit card and make sure you understand the return policy. After registering at the retailer’s site, buyers can save their designs, e-mail them and go to the store and change the plan on a store computer once they see the furniture. Modern furniture is always big for consumers because they know what it brings to one’s home, so with the growing trend of housing bust, the modern furniture boom can be seen sooner.
Jron Magcale
Modani Modern Furniture Sofa
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Source: ArticleTrader.com
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