“The economy absolutely affects the industry, as furniture is a discretionary item” says Leslie Carothers of The Kaleidoscope Partnership, a social media and marketing company focusing on the furniture industry.
“When the economy is good people are definitely more willing to invest in furniture as well as better quality furniture as they have more money for such investments.” In addition she believes that, “whether or not a local economy is strong, furniture companies, whether retailers or manufacturers, who are executing in the following ways are thriving in today’s economy.” China’s economic growth mode and structural issues is the biggest problem, ‘Twelve-Five’ must be radically transforming the mode of economic growth, to the strategic adjustment of the economic structure as a whole.” NBS Chief Economist Yao Jingyuan recently hosted Chinese and information network 2010 Annual Conference, told reporters. With the “Twelve-Five” State to promote transformation of economic growth mode, export-led economic strategies adjusted to a domestic demand-led. As a kind of furniture, ergonomic office chair is “the spirit of seat” in modern industrial technology, it is also influenced.
How does the economy affect the furniture industry? Furniture companies offering lower priced “on trend” accessories for the home are thriving. Just as in fashion, the things that are trendy don’t have staying power. In June, some rare materials such as rosewood and black rosewood will be controlled strictly and some enterprises that have little inventory would get involve with an embarrass condition. Recently, CITES (The Convention International Trade of Endangered Species) Sixteenth Conference of the Parties announced a new addendum list, cochin rosewood, dalbergia granadillo cocobolo and other five wood species are enroled in the ” Appendix Ⅱ “from “Appendix Ⅲ”, it requires a license for international trade. This new regulation takes effective on June 12. Wooden office chair faces the difficulty of materials’ price.
Accessories are the best way to follow and enjoy these trends. “Accessories are lipstick for the home,” Carothers explains. “That’s what people are doing. They’re buying their lipstick for the home in the form of pillows and all the other little pretties.” These smaller items are often seen as things that can potentially be given away as well, perhaps to children when they go to college or go out on their own. These are items that can be recovered easily or repurposed. There’s a conscientious effort being made to ensure that these items won’t end up in landfills, as the consumer thinks about the environment as well as the economy. Accessories are a great way to add color and personality. Accessories are a great way to follow trends even in a weak economy.
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