What you need to know in 2006
Ray Allegrezza, Editor in Chief -- Furniture Today, January 15, 2006
As 2006 unfolds, most of us will be looking for that competitive edge. For retailers, it might be a hot new product, a stunning store display or a backroom enhancement that fattens your bottom line. For suppliers, perhaps it's a new factory, a new line or new retail relationships that blossom into steady business during the year.
Here's a hot tip from yours truly to anyone looking to grab a competitive edge this year: Wrap your hands around our Retail Planning Guide 2006. (Subscribers received a copy as their Dec. 26 issue.)
As with most tips, you won't fully reap the benefits and rewards unless you take some action, which in this case is to read it from cover to cover. As you do, I know you'll appreciate the hard work on the part of the entire Furniture/Today team that resulted in a wealth of information waiting for you to drill into.
In addition to an extensive economic outlook, and updates and sales prospects for key product categories, including case goods, upholstery, fabric, juvenile, home office and home entertainment, the issue is chock full of nuggets of information that, when mined, can translate into gold at the cash registers.
One example: The guide gives readers a snapshot of furniture and bedding sales by state. We show estimated sales for 2005 and also project what those sales, by state, will be in 2010.
Arizona, for example, is expected to lead the pack in growth with a projected jump of 32%. Texas, which accounted for some 7% of the country's furniture and bedding sales in 2005, is expected to boost its sales by 28% over the next five years.
The report also looks at the major metro areas that are projected to grow faster than the national average. In case you missed it, good ol' Greeley, Colo., is expected to grab the growth crown with a 41% sales surge between 2005 and 2010.
Another section gives an at-a-glance look at activity in specific product categories the United States imports.
Knowledge is power. I hope you use our latest Retail Planning Guide to strengthen your business throughout 2006.
-
What you need to know in 2006
Jan 18, 2006
Specialty retailer LoveSac introduces new store design
Belfort Furniture, Lawrance Furniture are NHFA Retailers of Year
Kincaid Furniture honors Jimmy and Rosalynn Carter for Habitat work
Singapore furniture show expecting increased turnout
Furniture, mattress sales boost Conn's sales 37.6% in recent quarter
Featured Company
-
FurnitureCore.com
FurnitureCore.com is a dynamic web application aimed at the furniture industry. Retailers and manufacturers alike will find our deep reserve of tools to be exactly what their furniture business needs.www.furniturecore.com... more
VIEW ALL GALLERIES
