skip to main |
skip to sidebar
Paslode introduced its "Let's Nail the Cure" Tool Graffiti to help promote breast cancer awareness. The company will donate 25 percent of its profits from the "Let's Nail the Cure" Tool Graffiti to Susan G. Komen for the Cure.
These decals or skins fit right on the body of the tool. Represent!
New orders in March were 9 percent higher than March 2009 and up 2 percent over February 2010, according to Smith Leonard’s Furniture Insights, a monthly survey of residential furniture manufacturers and distributors.
March 2009 orders were off 17 percent from March 2008. Approximately 61 percent of the participants had increased orders over last year with several up nice double digits. The 61 percent was up from 58 percent last month.
Shipments in March were 5 percent higher than March 2009 and up 12 percent over February. This marked the fourth straight month that overall shipments have increased. Approximately 61 percent of participants reported increased shipments year-to-date, up slightly from last month’s results.
Backlogs remained strong – up 34 percent over last March and up slightly over February. This was similar to the February to February results. As imported products begin to flow after the Chinese New Year, it’s expected that backlogs will work their way back down some although backlogs in March 2009 were down 21 percent from March 2008.
As the furniture industry enters into the school and government buying season, typically from June to September, OFM, an office and school furniture manufacturers and distributor, is seeing five emerging office furniture trends. Blake Zalcberg, COO of OFM, lists the five emerging office furniture trends:
1. Dark woods are making a comeback. People are choosing darker walnut colors over lighter woods as many are drawn to the natural, earthy look that dark woods give.
2. Technology is being infused into office furniture designs. Electrically-wired tables and cut outs for computer hardware are becoming popular to accommodate demands for employees to easily plug in their laptop or other devices.
3. Contemporary office spaces are replacing traditional work environments. There is less use of panel workstations and more use of community spaces so people work in closer proximity to each other with less privacy, with a focus on collaborative instead of individual.
4. An increased demand for white laminate desktops. Productivity is key with any piece of office furniture. The white laminates provide a clean, blank workspace that can spur creativity for the user.
5. Government-affiliated groups are asking for more green products. This group of purchasers wants to make sure the office furniture they buy practices what they preach to the larger public, which is why there is an increased demand from government agencies for sustainable material and green certified products.
Home sales and housing starts staged an uneven comeback starting in early 2009, according to the State of the Nation’s Housing report released by the Joint Center for Housing Studies of Harvard University.
Even if the recovery in sales and residential construction flourishes, the report warns, the adverse consequences of the recession and the financial crisis will linger. An estimated one in seven homeowners have homes worth less than what they owe on their mortgages and nearly 5 million need their home prices to rebound by 25 percent before they are back above water. In addition, it will take time to work through all the homes in foreclosure.
Despite falling home prices, loan modifications, and softening rents, the downturn did not reduce the number of households spending half or more of their income on housing—18.6 million in 2008. Instead, the share with such severe housing cost burdens climbed to a new height.
Is a recovery coming? Hooker Furniture announced reported net sales of $51.4 million and a net income of $1.1 million. The profit reversed a $456,000 loss in the comparable quarter a year earlier. While this may not signal unbridled consumer spending, purchases can only be put off for so long.
Stay tuned.
Xylexpo, the biennial world exhibition dedicated to woodworking technologies and furniture supplies, held in the Fiera Milano-Rho exhibition center, May 4-8, saw 652 exhibitors, covering a net exhibition area of about 125,000 square feet. Visitors totaled 51,480, 48% of whom came from outside Italy.
“Many exhibitors have told me about their satisfaction and the quality of visitors coming to Milan, who were actually interested in the acquisition of solutions and technology within the next few months. These businessmen did not just walk around the stands, they had a real need to update their production equipment. There were orders signed during the exhibition, something we had not seen for a long time,” said Ambrogio Delachi, president of Acimall, the Italian woodworking machinery and tools manufacturers’ association, which organizes the show through Cepra spa.
The next Xylexpo is scheduled for May 8-12, 2012, in the Fiera Milano-Rho exhibition center.
New residential furniture orders were 13 percent higher in February 2010 than 2009, according to Smith Leonard’s Furniture Insights, a monthly survey of residential furniture manufacturers and distributors.
This marked the fourth month in a row that orders were up over the previous year’s same month comparison. (October was flat, November up 10 percent, December up 12 percent and January up 4 percent.) Admittedly, all of these months were comparing to poor results in the previous year. But the good news is that we seem to have stopped the downward flow.
Shipments in February were 4 percent higher than February 2009. January shipments were 6 percent higher than January 2009, resulting in the year-to-date shipments up 5 percent over the same two months of last year. This was the third month in a row that shipments were up over the same period a year ago.
January 2010 new furniture orders were positive again compared to January 2009, according to Smith Leonard's most recent Furniture Insights survey of residential furniture manufacturers and distributors.
While not quite as positive as the November and December results, orders still were in positive territory, showing a four percent increase over January 2009.
This four percent increase follows a 12 percent increase in December, a 10 percent increase in November and a flat October, in year-over-year comparisons. The study found January results negatively impacted by bad weather, and expect February results also to be affected.
Some 59 percent of survey participants reported increased orders, down slightly from 62 percent in December.
Shipments in January were six percent higher than January 2009, following a three percent increase in December. While shipments were down 24 percent in January 2009 versus January 2008, December’s increase in shipments was the first since June 2006.
Shipments in January were 10 percent lower than December 2009, somewhat normal in the January to December comparisons, according to the study. Approximately 62 percent of survey participants reported increased shipments in January, up from about 50 percent in December.
Paslode introduced its "Let's Nail the Cure" Tool Graffiti to help promote breast cancer awareness. The company will donate 25 percent of its profits from the "Let's Nail the Cure" Tool Graffiti to Susan G. Komen for the Cure.
