Archive for the ‘industry news’ Category

American Furniture Retail Market in 2007 (I)

Friday, June 13th, 2008

During the year of 2007, many manufacturers who has been supplying the US market experienced the hardest time ever. A lot of manufacturers in Guang Dong, China have gone bankruptcy. A lot of other manufactures was confronted with insufficient order confirmations.

Many people think that 2006 could be the worst year for the furnishing market. Indeed, we have seen giant furniture retails like Levitz, Rhodes, Gabberts and Kronheims closed their stores. The sofa retailer Klaussner chose to close 23 stores, which have not made any profits for the company in the whole year. Facing a market and economy like this, what should wholesalers and retailers do?

Harlem’s CEO, Bruce Berman stated that  depite such a bad timing, if the furniture retailers can focus on their business and make improvements over time, they can still acquire a decent share in the shrinking market. He said that all merchdisers should know exactly what kind of products and services are expected.

One trend in the furniture market is the movement towards e-commerce. More and more retailers have started their own websites, either serves the website as an online catalog or a platform for online orders.

In general, we can divide the US furniture market into 9 categories:

  • Bedding
  • Master Bedroom
  • Youth Bedroom
  • Casual Dining
  • Formal Dining
  • Cocktail table
  • Fabric-covered Sofa
  • Leather-covered Sofa
  • Recliner

Among these 9 categories, we can further divided them into upper, middle and lower level in terms of quality and price.

For beds, the best sellers are beds at prices about $700-$900, making up for approximately 26%. For youth bedrooms, the best sellers are about $300-$400.  The situation is slightly different from the dining room market. It seems that American values the dining room set more than bedroom. Therefore, the upper level dining sets are the best sellers. Now you might be wondering what could be the profit margin for US wholesalers. Can they survive in the long term?

Generally, American manufactures adds 40% to the price. Thus, If one set is priced at $100, the price of that set leaving one of the ports in China is about $45.

Win a recliner from Wholesale Furniture Brokers

Tuesday, January 29th, 2008

Wholesale Furniture Brokers is hosting a super bowl recliner contest for all the bloggers and super bowl fans. What we need to do is simply 2 things:

1: link to their recliner page using the anchor text link : ‘recliners’ or ‘leather reclienrs’

2: predict the final score of the super bowl game

I don’t think anyone would be able to accurately get the right score so it is very likely that they will draw a winner. Prize is a recliner from their site, anyone manufactured by Stanley Chair. If you are interested, you can take a loot at the official contest page:

recliner contest for super bowl fans

Mitch’s Furniture & Bedding Liquidation

Friday, January 25th, 2008

When you consider buying furniture for your home, what would you be concerned about? Some people may care about quality, some may care about service, others may seek for the lowest price. If you have tight budget, then I would recommend Mitch’s Furniture & Bedding Liquidation. Nobody, in most cases, can beat their price. At Mitch’s, everyone’s been striving for providing the best price, service and widest selection to their customers. As a furniture store in Phoenix, they search out the best deals so that they can offer their clients unbeatable prices everyday. Different people may prefer different styles, so can you always be able to find our what you want there? No worries, they carry almost all the top brands for living room, kitchen, bedroom sets and more. So no matter what your personal style is, you should be able to find your dream piece at Mitch’s.

Visit furniture Tempe for a wide selection of bedroom and living rooms at affordable prices.

Domain Home wants to restructure

Friday, January 25th, 2008

Domain Home (http://www.domain-home.com/) has ran into financial difficulties and is expected to restructure under Chapter 11 bankruptcy reorganization. As a result, it also cuts about 20 jobs this week in an attempt to running the business more efficiently. This 27-store retailer ranks No.93 on Furniture Today’s (www.furnituretoday.com) top 100 with estimated furniture and bedding sales of $66.3 million in 2006.