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Article: THE FIXTURE PRICE INCREASES ARE IN; THE SKYROCKETING COSTS OF RAW MATERIALS AND FUEL SURCHARGES HAVE LED TO THE HIKES IN THE SEGMENT.(Industry overview)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- July 10, 2006
CopyrightCOPYRIGHT 2006 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Nancy Meyer
NEW YORK-Caught between the proverbial rock and a hard place, lighting vendors have been raising wholesale prices on virtually all light fixtures.
The increases amount to between 3 percent and 5 percent on certain items and as high as 30 percent on others. While many of the price increases are a direct result of skyrocketing costs of raw materials, they're also attributed to fuel surcharges due to the unprecedented price of oil.
Hardest-hit segments are anything made with solid brass, particularly outdoor lanterns and bath vanity bars, although all lighting contains copper wire.
At this point, the increases seem to ...