Research / Analysis
The Port of Oakland, the nation's fifth-busiest container port, set its all-time record for import cargo in July. In handling the equivalent of 84,835 loaded 20-foot import containers, the 90-year-old port surpassed its previous record of 84,023 TEUs set in March 2015. More
It's official. Members of the International Longshore & Warehouse Union have voted to ratify a contract extension good through July 1, 2022. Some 67% of ILWU workers at 29 West Coast ports voted in favor of the contract, which involved a year of debate with the Pacific Maritime Assn. and among union membership. More
The U.S. government has scheduled the final phase of its investigation into hardwood plywood imports from China, including final public comment and hearing dates associated with the case. More
News From The Web
- Furniture/Today Editor in chief Bill McLoughlin shares details of F/T's recent trip to Turkey, including that country's plan to dramatically increase furniture exports to the U.S. In the coming years.
Furniture Retail Solutions
Over the past year, our editorial team has been on the road, studying retail – what's working and what challenges even the most established retailers face. Born from these studies is Furniture Retail Solutions – a multi-part series addressing common problems retailers face. Read our first two articles:
MOST VIEWED ARTICLES
August 1, 2017Havertys posted record second quarter earnings this week while sales edged up slightly. Here are some key takeaways from the follow-up earnings call with analysts. Making the most of less traffic. President, Chairman and CEO Clarence Smith made it clear that Havertys hasn’t seen a change in the industry-wide trend of declining physical store traffic. But the company is doing a better job of closing those who do make the trip and boosting its average ticket. In the second quarter, both closing rate and average ticket increased about 3% (the company has indicated before that its average ticket is ...
February 24, 2017The common axiom of the furniture business is that housing activity drives furniture sales. When the housing bubble burst in 2008, the furniture industry suffered near catastrophic setbacks, and the uneven recovery of the housing business since then has been a contributing factor in the furniture industry’s inconsistent recovery. There was good news in January as purchases of previously owned homes were up 3.3% and overall home sales hit their highest levels since 2007. However, the combination of low housing inventories and rising mortgage rates are serving as a brake on momentum, and expectations are that interest rates ...
Sourcing Strategies by Tom Russell
February 10, 2017Reading all the headlines about the threat of tariffs on foreign made goods — China, Mexico or otherwise — got me thinking about what the furniture industry was like before I joined Furniture Today in 2003. Back then, the industry was undergoing one of the biggest shifts it had experienced since it moved from the Grand Rapids region of Michigan to the South in the early- to mid-20th century. Fast forward to the early 2000s, and China had not only become the largest source for imported furniture, but it was also a factor responsible for the shuttering of many U.S. furniture ...
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