Recently, a report that “inventories piled up like mountains and dealers reduced price vicious competition†pushed the furniture manufacturer’s royal furniture to the forefront. The reporter learned that many home furnishing companies are faced with "the troubles of the furniture of the dynasty": orders fell, and there was a large backlog of inventory. According to industry analysts, the overcapacity of China's home building materials industry is currently 30%-40%, and more than 40% of enterprises are losing money.
Yesterday, the reporter in the Xudong Dynasty furniture store, shopping guide Xiao Liu told reporters that this year the entire home building materials market is sluggish, all brands in the store sales are flat, "promotional activities have not been broken, but has been no one, the National Day Golden Week situation Not so good." She said that the sales of royal furniture fell by about 30% compared with previous years.
The semi-annual report released by the dynasty furniture recently showed that in the first half of this year, the company's turnover decreased by 30%, and the net profit fell by 89%.
Garden Specialty Tools,Specialty Garden Hoes,Specialty Garden Tools,Specialty Garden Hand Tools
Ningbo Smile tools Co.,ltd , https://www.nbsmiletools.com