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Furniture Buying Index Up 3 Points for January
January 13,
2010 by in UnCategorized 
By Home Furnishings Business in on January 14, 2010
The Furniture Buying Index climbed three points for January to a reading of 62. This marks the second consecutive month the Index has risen by three points.
Consumers are feeling slightly better than they were last month, said Britt Beemer, chairman of Americas Research Group. But, the Index is nowhere near the 70 level that retailers need to see to make promotions more successful. This positive movement is good showing that President Day sales could make a come-back this year."
The Furniture Buying Index is compiled each month by America's Research Group from interviews with 5,000 to 8,000 consumers across the country. In a typical month, 80 percent of the consumers interviewed can name a specific furniture item they intend to buy. The Index's mark signifies what percent of the benchmark 80 percent actually have a particular item in mind.