Tight credit also impacting producers, importers

February 2008
Furniture/Today;2/25/2008, Vol. 32 Issue 25, p14
Trade Publication
The article discusses the impact of tight credit on producers and importers as well as retailers in the furniture industry in the U.S. GMAC Commercial Finance, a provider of financing to manufacturers and importers, says the downturn in the housing market has been a drag on the furniture sector. Retailers claim the impact of the credit crunch hinges on such factors as merchandise mix and the relative strength of the local economies where companies are located.


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