Furniture companies The innovative industry after the economic crisis
Has the economic recovery slammed the door on the collapse of the remodeling industry? Apparently yes, but experts say it needs to innovate to survive and weather the economic crisis.
Anyone who has followed the renovation industry, and the furniture market in particular, will see that it has been in recession since the housing bubble burst in 2006-2008. it’s still bad for business.
Take the case of Cardell Cabinetry, which was once considered one of the largest manufacturing companies in San Antonio for the last 10 years.The three-decade-old company reportedly closed its manufacturing facility in early September, laying off more than 900 employees.
Despite challenging times for some companies, the Kitchen cabinetry manufacturer Association’s monthly business trends survey found cabinet sales up 16.2% in June this year, in-stock cabinet sales up 21.3%, sales of custom parts is up 11% and sales are up nearly 20%. In response to positive trends, …