Lexington suggests price floor

Combs, Heath E.
March 2007
Furniture/Today;3/19/2007, Vol. 31 Issue 28, p4
Trade Publication
The article reports that Lexington Home Brands will be introducing a Suggested Minimum Retail Price Policy (SMRP) effective June 1, 2007 nationwide to hold back declines in retail profitability. It is mentioned that the SMRP policy will apply to its entire line of furniture including branded products such as Tommy Bahama. The article also mentions that such policies though common for high-end product lines are introduced by Lexington for its line ranging from medium to high end.


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