Furniture World NewsBy Maria Rummel on 12/11/2019In the age of large online retailers, many home furnishing stores are turning their attention toward the website and are feeling the pressure to enter the world of e-commerce. Focusing on your website is an absolute must. E-commerce, on the other hand, is both expensive and can distract from your brick and mortar operations - the main characteristic that sets you apart from large online retailers. Your website will be key to your success in helping to drive more visitors to your actual doors. Did you know that 80% of transact...
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Furniture World NewsBy Nic Ledoux on 12/17/2019The Interior Design Society (IDS) announces that their 2020 Conference will take place in Chicago, IL from August 6-9.The program will include robust educational sessions as well as city-wide experiences and tours that will provide attendees with a glimpse of the city known for its architecture. The full programming and speaker lineup will be released in February 2020.The winners of the 2020 IDS Designer of the Year awards program will also be recognized and celebrated during the conference on Friday, August 7th at the historic Blac...
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Furniture World NewsBy Nic Ledoux on 6/26/2019The trade war between the world’s two largest retail markets is taking its toll, especially on China. Coupled with a slowing domestic auto market, the trade war is hurting Chinese retail sales. In the latest eMarketer worldwide retail forecast, they have cut the outlook for China and the US. As a result, China will not surpass the US in total retail sales this year, as expected in our Q4 2018 forecast. That milestone will likely not happen until 2021.As of the latest forecast, retail sales in China will grow 3.5% in 2019 to reac...
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Furniture World NewsBy Pam Danziger on 7/2/2019No two ways about it, department stores are in a heap of trouble. From 2007 to 2018, sales in department stores, excluding discount department stores, declined a whopping 32.4%, dropping from $76.9 billion to $52 billion in 2018. Only stationery and office supply (-47.4%) and bookstores (-40.2%) declined more, according to the Census Department’s Retail Trade Survey.And to add insult to injury, other general merchandisers, including warehouse clubs and superstores, rose 53.1% and electronic shopping increased 167% in the same time p...
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