From Home Furnishing Business
FurnishNet Index: Retailer Purchases Fell in March
By Home Furnishings Business in on April 2007
Year-over-year retailer purchases dropped 6.2 percent in March 2007 versus March 2006, according to the Furnishnet Index, a monthly tracking of furniture retail purchasing activity.
Marchs decline was the first for 2007 and the first since October 2006. As a result, the 2007 year-to-date purchase trend dropped to 1.62 percent over 2006 levels through three months--well below the 5.1 percent year-to-date increase for the first quarter of 2006 over 2005.
Additionally, month-to-month retailer purchasing volume slipped by 1.85 percent in March compared to the purchasing volume in February. The March decline was significant when compared to a 12.12 percent increase from February to March of 2006.
for the complete view of the March report of the FurnishNet Index.