Rug Suppliers Found Plush 2004

Corral, Cecile B.
June 2005
Home Textiles Today;6/13/2005, Vol. 26 Issue 39, p10
Trade Publication
The article talks about rug suppliers. In 2004, price hikes for raw materials; heightened direct-importing activity by retailers and retail price-point cutbacks represented the most challenging hurdles that area and accent rug players had to face. And yet, they managed it. By sacrificing margins, seeking new avenues of business and further developing their products, the industry accrued a 5.3 percent increase in retail sales, bringing the total to 5.9 billion dollar over 2003's 5.6 billion dollar. At retail, suppliers' hard work paid off, not only driving up traffic and sales but setting the table for growth this year as well. Shaw Living reported a 3 percent decline in rug sales in 2004 to 150 million dollar.


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