Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Sagging furniture sales?
Old 01-27-2008, 04:20 PM   #1
Full time employment: Posting here.
UncleHoney's Avatar
 
Join Date: Aug 2006
Location: Columbus
Posts: 769
Sagging furniture sales?

Read an article in this mornings paper that a number of long time furniture stores around the area going belly up. I guess competition from some of the big box stores and sagging sales from no new home buyers are taking a toll.

After a little web searching it looks like it's happening around the country.

Anyone notice a change in their area?
__________________

__________________
UncleHoney is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-27-2008, 04:28 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 5,459
I'd sell my sagging furniture on Craigslist. Dunno - by the ads furniture and mattress stores always seem to be going out of business, yet they abide, they abide...
__________________

__________________
calmloki is offline   Reply With Quote
Old 01-27-2008, 05:10 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
I haven't notice but then really I haven't been looking for it. Makes sense if you have housing slowing down. Then again even in good times like Calmloki mentioned you get quite a few going out of business sales ad.
__________________
Notmuchlonger is offline   Reply With Quote
Old 01-27-2008, 07:08 PM   #4
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,860
During the first year after Katrina there was a huge demand for furniture here, to replace what people lost. It was not uncommon to be told there was a 10 month waiting list when ordering furniture. Out of town discount stores got a foothold in the local market when they offered delivery in New Orleans in days instead of months.

Anyway, during the past couple of years at least one quality furniture store, Kirschman's, has closed their stores in the New Orleans metro area after maybe 100 years. Quite a few discount furniture places have opened up here, though. Their furniture is ugly, generic, and cheap. I can't imagine they'll last.

Hurwitz-Mintz, which has sold high quality furniture in New Orleans for many years, is still going strong although they closed one of their stores.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 01-28-2008, 11:59 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
I used to know a guy that made a fortune selling furniture. He told me if I ever wanted to get wealthy he would show me, and it wouldn't take long.........just work up a line of credit and float the credit yourself...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-28-2008, 01:13 PM   #6
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Sagging furniture sales?
Quote:
Originally Posted by calmloki View Post
I'd sell my sagging furniture on Craigslist. Dunno - by the ads furniture and mattress stores always seem to be going out of business, yet they abide, they abide...
Yeah, I thought this was going to be a thread about bad upholstery too.

UH, those are a couple of possibilities.

But another possibility might be the growth of websites like Craigslist. Over the last couple years we've upgraded just about every piece of furniture and every major appliance in our house from Craigslist at 25-50 cents on the retail dollar, including our beds.

If a fire burned us to the slab then the first thing I'd do is start restocking through Craigslist or eBay. Maybe I'd eventually end up at a big box like Costco or a military exchange. But I'll never ever set foot in a retail furniture store again... not even one of Berkshire Hathaway's companies.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 01-28-2008, 03:49 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Nords View Post
But another possibility might be the growth of websites like Craigslist. Over the last couple years we've upgraded just about every piece of furniture and every major appliance in our house from Craigslist at 25-50 cents on the retail dollar, including our beds.

If a fire burned us to the slab then the first thing I'd do is start restocking through Craigslist or eBay. Maybe I'd eventually end up at a big box like Costco or a military exchange. But I'll never ever set foot in a retail furniture store again... not even one of Berkshire Hathaway's companies.
Craigslist may be the best thing to happen to the average Joe in a long time...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 01-28-2008, 06:38 PM   #8
Full time employment: Posting here.
ProspectiveBum's Avatar
 
Join Date: Sep 2006
Location: SoCal
Posts: 667
Funny timing, a co-worker just told me last week about how he was purchasing some furniture in a local furniture store a couple of weeks ago, and the salesman told him that that day was his last day there. He said that business had deteriorated to the point that he couldn't make a living anymore (and he'd been selling furniture for 15+ years).

The salesman blamed the slowdown on the real estate bubble bursting.
__________________

__________________
ProspectiveBum is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tip on purchasing furniture chinaco FIRE and Money 20 04-05-2007 12:26 PM
Need Help Stripping Furniture haha Other topics 17 01-29-2007 03:30 PM
The Fidel Castro of Office Furniture... REWahoo Other topics 12 03-11-2006 10:54 AM
Never Pay Full Price For Furniture.... Tommy_Dolitte Young Dreamers 2 09-30-2004 12:48 AM
Furniture Whisper9999 FIRE and Money 31 08-21-2004 07:02 PM

 

 
All times are GMT -6. The time now is 04:20 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.