Posts tagged "economy"

Economic Recovery and the Furniture Industry

Posted by Chris under Industry News on November 03, 2009

A recent article over at Furniture Today about economic recovery characterizes recent developments in the market (particularly at High Point) as an upswing. One quote from Kevin O'Connor, president of Samson Marketing and chairman of the High Point Market Authority, reads, "I think attendance probably was flat, but in this economy, I consider that pretty good." I would emphasize the words in this economy.

It is true that most of the opinions offered in the article are positive, but many are qualified with sentiments like the above: people are just glad that things don't look flat out apocalyptic these days, but I would argue that although things don't look as grim as they did back in the beginning of summer, the economy is still losing jobs on the whole (only at a slower pace), so the economy may not be necessarily on the upswing, just less fatal.

Besides, Fall tends to be the best season for furniture and antiques, since people want to stock their homes with new dining furniture and other domestic trophies before the relatives show up on Thanksgiving and Christmas. After that, things usually start to slow down again for most shows and dealers alike. Still, I hesitate to put a damper on the positive mood, so while I remain optimistic, and while we do seem to have weathered the worst of the storm, I foresee more hardship ahead before we resume pushing antiques by the container load as we saw back in 2007.

As for Atlanta, I think we'll keep our title for the East's biggest antique importer. But as every dealer, designer and investor knows, only time will tell.

Tags: high point, atlanta, economy

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Antiques - An Industry in Trouble?

Posted by Chris under Industry News on June 25, 2009

With the current economic recession, it's no surprise that most of us are feeling the effects of depressed consumer spending. The antique market, which owes its very existence to value that defies age and somehow survives each generational recession, shows its own signs of a serious slowdown. Every month that passes by, mom-and-pop operations and even established dealers and antique shows are either closing shop or teetering on the verge. Some blame eBay, while others point to the poor taste of today's young consumers, but everyone agrees that the antique industry is in trouble. The trick lies in knowing what to do about it.

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Tags: economy, recession

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