|
|
Article: Optimism, realism mix for 2009: while the current economic climate is difficult, there is some belief things will turn around.(forecast: floor covering)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- February 16, 2009
- Author:
CopyrightCOPYRIGHT 2009 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)
|
AS COMPANIES PREPARE FOR A TOUGH START TO 2009, rug manufacturers still remain optimistic about how this category could perform later this year, with some thinking business could pick up eventually.
[ILLUSTRATION OMITTED]
But they are also realistic, and say the retail environment is challenging. Consumers are still wary about spending, and the floor coverings priced at the lower end are the drivers now, vendors said.
With the new presidential administration now in place and the planned incentives and money to be invested into the economy, Lee Harounian, president of Harounian Rugs International, believes that "within the next three to six ...