45th CIFF Guangzhou reopensFurniture World NewsBy Nic Ledoux on 7/7/2020With the global challenges being faced from COVID-19, the 45th edition of CIFF Guangzhou will be the first large-scale furniture trade fair held in Asia in 2020.The business platform will feature the best brands selected by the organizers, in order to present eye-catching design products with innovative concepts that are in line with the latest trends of a rapidly evolving market.The China Import and Export Fair Complex will be filled and animated by the presence of various events and themed exhibitions deve...
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Furniture World NewsBy Nic Ledoux on 6/3/2020As part of Google for Small Business COVID-19 Resources, the tech giant has featured Retailer Web Services (RWS) in its lineup of helpful tools and special offers to help small businesses adjust to the challenges and changing consumer habits brought about by the pandemic.RWS is featured by Google Small Business as a highly specialized e-commerce solution for appliance, consumer electronics, furniture and mattress retailers to bring their stores offline to online. In addition, for those retailers with existing websites, to enhance thei...
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Furniture World NewsBy Nic Ledoux on 6/8/2020The US retail sector could take years to recover from the impact of the coronavirus, and the hit could be worse than that of the Great Recession. According to eMarketer’s latest forecast on US retail sales (which includes auto and fuel), total retail sales will drop by 10.5% this year, steeper than the 8.2% drop in 2009. Ecommerce is the only bright spot, jumping 18.0% this year, as Americans rely on Amazon and other online retailers for necessities. Total RetailIn 2020, total retail sales will drop 10.5% to $4.894 trillion, a le...
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Furniture World NewsBy Nic Ledoux on 6/1/2020MONTHLY RESULTS New OrdersWith March 2020 results being the first month showing effects of the COVID-19 virus, we finally saw some of the first poor results of the pandemic. New orders in March were down 29% from March 2019 and down 23% from February 2020. New orders in March were down for 87% of the participants. This followed a 6% increase reported for February when orders were up for 71% of the participants. Year to date, the March results dropped from a 4% increase for the first two months to an 8% decline through March ...
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