Definitions and formulas

September 2007
Furniture/Today;9/10/2007, Vol. 32 Issue 2, pS3
Trade Publication
The article presents definitions of the terms frequently used in the furniture industry and trade. In the Furniture Store Performance Store Report, administrative staff includes store managers, assistant managers and advertising managers. Gross margin is net sales minus cost of goods sold which includes freight and shrinkage but not handling. Motion chairs include swivel chairs, glider rockers and recliners.


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