Room to Improve ; Furniture Sellers Weather Housing Downturn.
Columbia Daily Tribune › October 08, 2008
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Summary
MIAMI - Replacing that old sofa just isn't a top priority these days.
The plummeting housing market, credit crisis and declining consumer confidence have helped to put furniture purchases on the back burner for many homeowners. That's taken a huge bite out of business for furniture retailers like City Furniture owner Keith Koenig.See the full content of this document
Extract
Room to Improve ; Furniture Sellers Weather Housing Downturn.
After years of riding south Florida's real estate boom, Koenig and other furniture retailers are paying the price and suffering through the bust.
It's a dramatic turnaround after more than a decade when Florida's housing boom fueled one of the most vibrant furniture ret...See the full content of this document
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