Daily News
From Home Furnishing Business
Classy Art Holds Prices Through Las Vegas Market
July 16,
2019 by Laurie Northington in Business Strategy, Industry
Classy Art, a resource for wall art and décor, has announced it will hold its pricing through the upcoming Las Vegas Market on imported goods coming from China.
Classy Art has tried to shield its customers from any increases for as long as possible but is unable to absorb the tariff increase of 25% on Chinese imports imposed by the Trump administration on May 19, 2019. The company will have a price increase following the market, allowing dealers to stock up at the current price level.
“We operate on a smaller margin than most of our competitors so that our dealers can turn our products quicker on the retail floor. Despite the impact to the bottom line, we made the decision to give our customers ample time to prepare, and we are holding current pricing through the Las Vegas market to allow for even more time. Unlike others in the industry we are not taking this opportunity to gain any extra margins, especially on items that are not currently being impacted,” said Gabriel Cohen, president and owner.
Not all of Classy Arts extensive line is imported. The majority of their products are made in the U.S. and even have some that are manufactured in Canada. These items will not be affected.
Classy Art is in located in Space -B328 of building B in the Las Vegas World Market Center. All visitors are invited to shop, relax and enjoy the company’s cocktails and entertainment.