Furniture orders fall 26% in March as demand continues to drop - Furniture Today

sedar.indah.link

HIGH POINT – Residential furniture orders fell 26% in March 2022 over March’s 2021 numbers. But, just like in previous months, numbers are still up over what they were in 2020.

According to accounting firm Smith Leonard’s monthly Furniture Insights survey, March results brought the year-to-date decline in orders to 21% over 2021. Orders were down for 79% of the participants for both the monthly and year-to-date comparisons.

Comparing with 2019, which Smith Leonard says gives a better picture, orders were up 5%, some of which probably reflects price increases that were made in 2021 and 2022.

Shipments were up 19% over March 2021 as backlogs are finally beginning to shrink. Shipments were up 4% year-to-date. Some 76% of the participants reported increased shipments year-to-date, a good thing says Smith Leonard as shipments drive eventual cash. As shipments exceeded orders, backlogs fell 4%. Backlogs were still 20% ahead of last year when they were very high at that time.

Other things to note:

• Receivable levels continue to appear to be in good shape as most receivable ageings look very good. Inventory levels continue to rise, along with the growth in business as well as a hedge against shortages. But they are probably high enough, says Smith Leonard, considering expectations for business to slow as the economy and consumer confidence declines.
• Sales at furniture and home furnishings stores were up 0.8% over April 2021 and up 2.3% year to date. Sales in April 2021 were up almost 20% over sales in 2019.
• The University of Michigan Surveys of Consumers noted that consumer sentiment dropped 9.4% from April reversing gains recorded in April. The declines were broad-based across current conditions as well as expectations.

“It continues to be difficult to deal with the results of our survey as well as the national reports,” Smith Leonard wrote. “For example, the report on retail sales for April for furniture and home furnishings stores showed an 0.8% increase in sales for the month. But sales in April 2021 were up 20% over sales in 2019. But if you do not look back at the data, the national report looks rather weak. We have the same issue with some of our survey results.

“Now the question is, where are we now? The shutdowns in Asia due to the COVID issues there have cut back production and shipments from there to the U.S. allowing U.S. ports to begin to catch up on clearing the ships and warehouses here. That is helping with the flow of goods here to catch up some of the backlogs, but that is just as the economy here is slowing. Inflations, gas prices, declines in the stock market, increased mortgage rates, and rents, along with other issues are beginning to make consumers think before spending on durable goods.

“We, along with most, have been expecting business to slow from the last two years of great business but we wonder how all of the national issues will slow business more than we expected. Most are fortunate to have substantial backlogs to help get through this period and provide better service to customers, but if this should turn into a real recession, how long will the backlogs last?”

Related stories:

Adblock test (Why?)

"furniture" - Google News
June 01, 2022 at 12:50AM
https://ift.tt/QeJOMvh

Furniture orders fall 26% in March as demand continues to drop - Furniture Today
"furniture" - Google News
https://ift.tt/d6Y5xjo

11 months and counting: Consumers frustrated with furniture delays - wmar2news.com

sedar.indah.link

BALTIMORE — Holidays mean sales and many shoppers took advantage of furniture deals over Memorial Day Weekend. However, customers should be prepared for long delays when it comes to delivery.

Edward Holland needed a reclining chair and saw Gavigan’s Furniture advertising deals over the July 4th holiday weekend.

“It was the best recliner that suit me, to elevate my feet, so I went ahead. I said okay, these are the ones I want, I want two of them,” said Holland, who paid full price for the chairs.

Holland knew his order would take longer than usual and was prepared to wait the 20 weeks he was quoted.

“They did have you sign a piece of paper saying it could be as long as November 2021, but then I get a phone call in November 2021 saying we cannot deliver, you’ll get them in April 2022,” Holland said.

Nearly 11 months later, he still doesn’t have his chairs or an estimated delivery date.

“I mean be upfront with me that’s all I’m asking,” said Holland.

WMAR-2 News Mallory Sofastaii spoke with Rob Gavigan of Gavigan’s Furniture by phone. He declined an in-person interview. Gavigan told Sofastaii that he's unable to provide Holland with an estimated delivery date because he hasn't received any new information from the manufacturer in China, and information has been hard to come by.

Gavigan is waiting until he receives confirmation the chair is in a shipping container, and even then it could be awhile. He once had a shipping container filled with furniture sit in Panama for two months before arriving in the U.S.

Gavigan’s Furniture also has a notice on its website warning customers that demand and a backlog of orders have significantly slowed down production, and factories are operating with limited staff and a reduced supply of raw materials.

According to their website, the company doesn’t offer cancellations after 24 hours, but Gavigan offered Holland a refund.

Holland isn’t interested.

“I went through all the trouble waiting and getting the chair, and I paid for it. I just want the recliner to come so I can get off my feet, get my legs elevated that’s what I’m after,” said Holland who suffers from health issues limiting his mobility.

Gavigan added that if Holland were to re-buy the same chair, it’d cost $200 more today, but he’s not passing along those increases to customers.

Holland doesn’t want to pay more for a different recliner and is asking the company for additional communication regarding his order.

“Somebody call me and let me know where I stand, yah know?” said Holland.

Consumer's rights with delayed orders
Peter Holland, a consumer rights attorney with the Holland Law Firm, said it’s the law for retailers to be honest and upfront.

“Whether it’s furniture or anything else, you have rights, and your right is to be informed,” said Holland, who has no relation to Edward Holland.

While Edward Holland had been warned about delays, other furniture companies are accused of intentionally misleading customers and refusing to provide refunds.

The Maryland Office of the Attorney General recently filed charges against Frederick County furniture sellers.

“We’re still living through COVID and supply chain issues. The merchant should be able to say, ‘Honestly, it’s going to be X number of weeks, or honestly, we really don’t know. It could be two weeks, it could be three months.’ Honesty and transparency are the main thing so a consumer can make an informed choice,” said Holland.

Buyers can also ask for a delivery date to be written into their contract.

“Have them put it in writing and sign it so that you can rely on it. So, if they say two weeks and two months go by, you can say I want my money back,” added Holland.

If a customer decides to cancel an order and the retailer doesn't allow it, consumers can file a complaint with the Maryland Office of the Attorney General Consumer Protection Division, the Federal Trade Commission, file a dispute with their credit card company, or hire a private attorney.

Private attorneys can sue under Maryland's Consumer Protection Act and request attorney’s fees be paid by the retailer if they win.

Whether it's furniture or something else, retailers must clearly communicate when they will deliver your order. According to the FTC’s Mail, Internet, or Telephone Order Rule, if a company can't deliver within the time stated or 30 days, they must seek consent from the customer for the delayed shipment. If they’re unable to obtain consent, then they must issue a refund.

Adblock test (Why?)

"furniture" - Google News
May 31, 2022 at 05:00PM
https://ift.tt/bKBTuFj

11 months and counting: Consumers frustrated with furniture delays - wmar2news.com
"furniture" - Google News
https://ift.tt/d6Y5xjo

Memorial Day Furniture Sales 2022: 48 Promotions To Shop This Weekend - Forbes

sedar.indah.link

Memorial Day weekend may be winding down, but there are still tons of amazing deals happening right now on everything from mattresses to patio furniture. It’s one of the best times of the year to buy furniture, as brands like West Elm, Burrow and Allform are offering major markdowns. And though many of these sales have been live for a few days, some of the best Memorial Day furniture savings events are still going strong.

If you’re just getting started, run—don’t walk (metaphorically speaking). While most of these sales will be live through the end of today (and in some cases, May 31), it’s a good idea to peruse your favorite sites sooner rather than later. That way, you’re less likely to run into backordered items and shipping delays. Below, find the best furniture sales and décor deals that you can shop right now.

Best Memorial Day Furniture Sales To Shop Now

Allform: Enjoy 20% off everything on the modular furniture brand’s site with code MDSALE20.

Ashley Furniture: Ashley Furniture’s Memorial Day furniture sale includes thousands of tempting deals on dining sets, dressers, sofas and more.

Home Depot: Looking to spruce up your space? Get up to 35% off select furniture, mattresses and décor.

Inside Weather: Code MEMORIALDAY will get you 20% off your purchase, plus free shipping on orders over $1,500 at Inside Weather.

Wayfair: The company’s Memorial Day Sale includes huge markdowns on furniture: up to 60% off living room seating and bedroom furniture starting at just $99.

Burrow: Take up to $1,000 off your order from Burrow, depending on how much you spend, with code MDS22.

Overstock: During Overstock’s Memorial Day Clearance sale, you can get up to 70% off thousands of items for every room in your home and enjoy free shipping.

Floyd: Save 15% sitewide with code SUNNYDAYS22. The direct-to-consumer darling rarely has sales on its contemporary pieces, making this Memorial Day sale a can’t-miss event.

Castlery: In honor of Memorial Day, Castlery is offering $100 off purchases of $1,200 or more, $250 off purchases of $2,500 or more and $550 off purchases of $4,500 or more. The discount will be applied to your cart automatically.

Pottery Barn: Looking for an excuse to spend more time outside? Pottery Barn is offering up to 70% off its outdoor furniture, upholstered seating and indoor pieces.

Raymour & Flanigan: Head over to Raymour & Flanigan, where you can save up to 35% on both indoor and outdoor furniture.

Serena & Lily: For 20% off everything on Serena & Lily’s site, enter code WAVES.

Neighbor: The outdoor furniture brand is taking $200 off orders over $2,000 and $400 off orders over $4,000 with code MEMORIAL22.

Target: To kick off summer in style, the mega retailer is taking 40% off some of its décor and outdoor furniture, including this fun egg chair.

SunHaven: If you’re in the market for quality outdoor furniture, SunHaven is offering 20% off everything on its site with code MEMORIAL20.

Apt2B: From now until May 31, Apt2B is offering 15% off its entire site, plus 20% off orders of $2,999 or more and 25% off totals of $3,999 or more.

Frontgate: Save up to 50% sitewide during Frontgate’s Memorial Day Sale.

Outer: The outdoor furniture brand is offering $200 off orders of $5,900 or more, $400 off orders of $7,900 or more and $1,000 off orders of $9,900 or more with code MEMDAY22.

Edloe Finch: Code MDAY10 will get you 10% off sitewide while code MDAY12 will get you 12% off orders of $1,000 or more.

Albany Park: Looking for a gorgeous new couch? Take 15% off sofas and sectionals with code MDAY15.

One Kings Lane: Enjoy 25% off sitewide now through Memorial Day.

AllModern: Save up to 40% on modern pieces on Wayfair’s sister site.

Birch Lane: Enter code SUMMER to unlock 20% off thousands of farmhouse-approved furniture.

Jonathan Adler: In honor of the holiday weekend, the maximalist designer is offering 20% off everything (including markdowns) with code SUMMER.

Chairish: Head over to the antique retailer, where you can save up to 50% on select furniture starting on Memorial Day.

West Elm: With up to 70% off outdoor furniture, bedding and dining room essentials, West Elm’s Warehouse Sale has no shortage of good deals this Memorial Day Weekend.

Lulu And Georgia: Shave 20% off your entire purchase at Lulu and Georgia.

Anthropologie: The boho-chic retailer is offering 30% off furniture and décor and an extra 40% off sale items—including tables, desks and more.

Design Within Reach: Enjoy 15% off your order and free shipping at this upscale retailer.

Rejuvenation: Save up to 70% on select Rejuvenation products and use code FREESHIP to snag complimentary shipping on your order.

Perigold: The e-tailer’s Summer Refresh Event is offering an extra 20% off coffee tables and storage, among other deals.

Interior Define: Celebrate the holiday weekend with 20% off anything custom and 15% off décor.

Horchow: Head over to Horchow, where you can save 25% sitewide (with a few exclusions).

Lowe’s: Save on bedroom, living room and home office furniture during Lowe’s Memorial Day furniture sale.

Macy’s: Score up to 60% off furniture, rugs, and mattresses at this big-box retailer.

Society6: Take up to 30% off artist-designed furniture to brighten your home.

Herman Miller: Need to upgrade your office chair or desk? Take 15% off and enjoy free shipping on furniture from this iconic brand through Memorial Day.

Article: Score major savings on over 200 furniture styles.

Crate & Barrel: The chic home goods store has tons of deals this Memorial Day weekend: 10% off everything, and up to 20% off outdoor furniture and select décor.

Urban Outfitters: The boho retailer is offering up to 50% off home décor with its Summer Kickoff sale.

Umbra: Get up to 50% off furniture, décor and accessories during the company’s Memorial Day sale.

Schoolhouse: Take 15% off outdoor accessories and furniture (which you can also use inside, too).

Modloft: Save up to 30% on beds, sectionals, dining tables and more from this modern home line.

Jenny Kayne: With code MDW20 you can score 20% off understatedly chic furnishings from the California-based brand.

The Nopo: For a limited time, get 20% off globally sourced home décor with code NOPOMEMORIALDAY20.

Maisonette: Take an extra 20% off already discounted dressers, bookcases, mini Adirondack chairs and more from this family-friendly retailer.

Z Gallerie: Get up to 25% off seating, desks, throw pillows and more from this furniture and accessories brand.

BuyBuyBaby: Find savings of up to 50% on nursery furniture from top baby and kids’ brands.

---

For even more Memorial Day savings, head over to our Memorial Day weekend coupon page to check out top deals from some of our favorite retailers

Adblock test (Why?)

"furniture" - Google News
May 31, 2022 at 03:24AM
https://ift.tt/yIPkrCu

Memorial Day Furniture Sales 2022: 48 Promotions To Shop This Weekend - Forbes
"furniture" - Google News
https://ift.tt/SVpd9BA

Memorial Day Furniture Sales 2022: 42 Promotions To Shop This Weekend - Forbes

sedar.indah.link

Memorial Day weekend is in full swing—and with it, tons of amazing deals on everything from mattresses to patio furniture. It’s one of the best times of the year to buy furniture, as brands like West Elm, Burrow and Allform are offering major markdowns. And though many of these sales have been live for a few days, some of the best Memorial Day furniture savings events are just getting started.

Run, don’t walk, to start shopping. While most of these sales will be live through May 30 (and in some cases, May 31), it’s advisable to start perusing your favorite sites sooner rather than later. That way, you’re less likely to run into backordered items and shipping delays. Here, check out the best furniture sales that you can shop right now.

Best Memorial Day Furniture Sales To Shop Now

Allform: Enjoy 20% off sitewide at the modular furniture brand with code MDSALE20.

Ashley Furniture: Ashley Furniture’s Memorial Day furniture sale includes thousands of tempting deals on dining sets, dressers and sofas (among other items).

Home Depot: Get up to 35% off select furniture, mattresses and decor at Home Depot.

Inside Weather: Code MEMORIALDAY will get you 20% off your purchase, plus free shipping on orders over $1,500 at Inside Weather.

Wayfair: Wayfair’s Memorial Day Sale includes huge markdowns on furniture, including up to 60% off living room seating and bedroom furniture starting at just $99.

Burrow: Take up to $1,000 off your order from Burrow, depending on how much you spend, with code MDS22.

Overstock: During Overstock’s Memorial Day Clearance, you can get up to 70% off thousands of items for every room in your home and enjoy free shipping.

Floyd: Save 15% sitewide with code SUNNYDAYS22. The direct-to-consumer darling rarely has sales on its contemporary pieces, making this Memorial Day sale a can’t-miss event.

Castlery: In honor of Memorial Day, Castlery is offering $100 off purchases of $1,200 or more, $250 off purchases of $2,500 or more and $550 off purchases of $4,500 or more. The discount will be applied to your cart automatically.

Pottery Barn: Looking for an excuse to spend more time outside? Pottery Barn is offering up to 50% off its outdoor furniture, upholstered seating and indoor pieces.

Raymour & Flanigan: Head over to Raymour & Flanigan, where you can save up to 35% on both indoor and outdoor furniture.

Serena & Lily: For 20% off everything on Serena & Lily’s site, enter promo code WAVES.

Neighbor: The outdoor furniture brand is taking $200 off orders over $2,000 and $400 off orders over $4,000 with code MEMORIAL22.

Target: To kick off summer in style, Target is taking 40% off some of its decor and outdoor furniture, including this trendy egg chair.

SunHaven: If you’re in the market for quality outdoor furniture, SunHaven is offering 20% off all items with code MEMORIAL20.

Apt2B: From now until May 31, Apt2B is offering 15% off its entire site, plus 20% off totals of $2,999 or more and 25% off orders of $3,999 or more.

Frontgate: Save up to 50% sitewide during Frontgate’s Memorial Day Sale.

Outer: The outdoor furniture brand is offering $200 off orders of $5,900 or more, $400 off orders of $7,900 or more and $1,000 off orders of $9,900 or more with code MEMDAY22.

Edloe Finch: Code MDAY10 will get you 10% off sitewide and code MDAY12 will get you 12% off orders of $1,000 or more.

Albany Park: Looking for a gorgeous new couch? Take 15% off sofas and sectionals with code MDAY15.

One Kings Lane: Enjoy 25% off sitewide now through Memorial Day.

AllModern: Save up to 40% on modern pieces on Wayfair’s sister site.

Birch Lane: Enter code SUMMER to unlock 20% off thousands of farmhouse-approved furniture.

Jonathan Adler: In honor of the holiday weekend, the maximalist designer is offering 20% off everything (including markdowns) with code SUMMER.

Chairish: Head over to the antique e-tailer, where you can save up to 50% on select furniture starting on Memorial Day.

West Elm: With up to 70% off outdoor furniture, bedding and dining room essentials, West Elm’s Warehouse Sale has no shortage of good deals this Memorial Day Weekend.

Lulu And Georgia: Shave 20% off your entire purchase at Lulu and Georgia.

Anthropologie: The boho-chic retailer is offering 30% off furniture and decor and an extra 40% off sale items—including tables, desks and more.

Design Within Reach: Enjoy 15% off your order and free shipping at this upscale retailer.

Rejuvenation: Save up to 70% on select Rejuvenation products and use code FREESHIP to snag complimentary shipping on your order.

Perigold: The e-tailer’s Summer Refresh Event is offering an extra 20% off coffee tables and storage, among other deals.

Interior Define: Celebrate the holiday weekend with 20% off anything custom and 15% off decor.

Horchow: Head over to Horchow, where you can save 25% sitewide (with a few exclusions).

Lowe’s: Save on bedroom, living room and home office furniture during Lowe’s Memorial Day furniture sale.

Macy’s: Score up to 60% off furniture, rugs, and mattresses at this big-box retailer.

Society6: Take up to 30% off artist-designed furniture to brighten your home.

Herman Miller: Need to upgrade your office chair or desk? Take 15% off and enjoy free shipping on furniture from this iconic brand through Memorial Day.

Article: Score major savings on over 200 furniture styles.

Crate & Barrel: The chic home goods store has tons of deals this Memorial Day weekend: 10% off everything, and up to 20% off outdoor furniture and select decor.

Urban Outfitters: The boho retailer is offering up to 50% off home decor with its Summer Kickoff sale.

Umbra: Get up to 50% off furniture, decor and accessories during the company’s Memorial Day sale.

Schoolhouse: Take 15% off outdoor accessories and furniture (which you can also use inside, too).

---

For even more Memorial Day savings, head over to our Memorial Day weekend coupon page to check out top deals from some of our favorite retailers

Adblock test (Why?)

"furniture" - Google News
May 30, 2022 at 06:46AM
https://ift.tt/5om1A6j

Memorial Day Furniture Sales 2022: 42 Promotions To Shop This Weekend - Forbes
"furniture" - Google News
https://ift.tt/SVpd9BA