The Real Deal Miami

Furniture sales decline with economic slowdown

September 22, 2008 02:37PM

For more than a decade, Florida’s housing boom has meant a strong furniture sales market. With the decline in the housing market,
furniture companies now face declining profits. Sales at stores in
three South Florida-based chains, El Dorado, Baer’s, and Carls, have
decreased over the last two years, and Carls and Baer’s have both
closed several locations. To combat declining sales, stores are
offering higher discounts, longer-term no-interest financing, free gas
cards, cash rebates, and free furniture for customers who spend a
certain amount.