High Point Market Authority sees better days ahead
Spring 2010 Business Outlook provides insights into sales prospects
Furniture Today Staff -- Furniture Today, February 5, 2010
HIGH POINT — This year should be a better for home furnishings retailers as the ground for economic recovery continues to be laid, according to the High Point Market Authority's just-released Spring 2010 Business Outlook.
The report draws on recent economic data and consultations with retailers. It also details strategies that retailers are using to position themselves for growth and lessons learned in the last 18 months.
It includes statistics on consumer interest in purchasing home furnishings this year and outlines indicators of a growing economy. It also discusses how the effects of unemployment continue to weigh heavily on economic growth.
"Reports from retailers across the country and industry experts from a variety of fields, as well as year-end numbers from 2009, suggest that we are back on the road to recovery," said Brian Casey, president and CEO of the Market Authority.
"While none of the leading retailers we interviewed sugarcoated their experiences over the past year by any means, we found their responses to be thoughtful and upbeat."
The report contains insights from officials with the National Home Furnishings Assn., Nell Hill's, Wolf Furniture, La Difference and Raymour & Flanigan, among others.
To read the report, click here.
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