The High Point Market is underway in North Carolina and the furniture manufacturers are bracing themselves for a brutal forecast, Forbes reports.
If you have never heard of it, the High Point Market happens only twice a year and is the "largest furnishings trade show in the world," according to the High Point Market website. At the High Point Market you can find 188 buildings packed with furnishings and accessories, with over 12 million square feet of showroom space and more than 2000 exhibitors. Every six months approximately 85,000 people gather to see tens of thousands of new products unveiled. The Market says, "if you can't find it in High Point, it probably doesn't exist." With all that space, I hope they are right.
Attendance at the market is free but you must register and the catch is that you must have a resell license that shows you are in a furniture related business. (If you order Kimberly Causey's book, that I talk about here, you can be in the furniture related retail business if you follow her lead.)
Both the Forbes report and the High Point Market industry report state that sales of furnishings are expected to be slower than "normal" until at least the later half of 2009. I hope that if these reports are right that will bode well for the consumer in search of better than usual deals.
You know how I dislike paying retail prices for furniture and accessories and the not so rosy forecast may just be my lucky break.
Monday, October 20, 2008
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