Why now may be the best time to buy furniture and appliances
If your sofa is getting a bit tattered (like mine) and your dining chairs have seen better days, now may be the time to start shopping for replacements. According to an article on Bloomberg.com, companies in the home furnishings market have been reducing prices or offering free shipping as a reaction to slow sales and reduced profit forecasts. Macy’s, Pottery Barn and Home Depot and Ethan Allen are a few stores that are mentioned in the article.
Because of the slump in the housing market, people have not been buying household items. Also, Americans are not taking cash equity out of their homes, which leaves them with little extra cash for furniture or other household goods.
A record 19 percent of consumers reported putting on hold purchases of $500 or more in December, according to a survey of 1,000 Americans by Charleston, South Carolina-based America’s Research Group.
But, now could be the best time to jump on these promotional deals. I went over to Pottery Barn’s site to check it out for myself, and there are several tempting offers, including a “buy more save more” special on shipping costs, as well as discounted delivery on certain furniture sets. Checking out their clearance room, I found this rattan chair marked down from $249 to $99.
If you can free up some cash, you might consider replacing your furniture now, while the deals are hot. With what you’ll save, you may be able to get more for the money.
Furniture, Housing Market, Bloomberg.com, Pottery Barn, Home Depot
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