FurnishNet Index: Year-Over-Year Purchases Keep Trending Lower

August 13, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on August 2006 Year-over-year retailer purchasing trends posted a second consecutive month of lower dollar volume in July compared to the same month last year, dropping almost 16 percent.

That’s according to the FurnishNet Index, which tracks the purchasing patterns of retail furniture stores.

Month-to-month purchases also fell with a 14.7 percent decline in dollar volume in July 2006 versus June.

The year-to-date trend fell from 4.67 percent ahead of 2005 in June to only 1.36 percent above 2005 through July.

The FurnishNet Index is a statistical compilation of purchases made by participants in its electronic-exchange network. For the complete view of the July issue of the FurnishNet Index visit, www.furnishnet.com/company/fnet_index.html