The decline of the world stock markets is effecting China in a big way and will result in layoffs of over 20 million Chinese citizens. Economists predict a 20% decrease in furniture prices in Q2 as factories are seeing reduced orders with increased inventories.

Many major furniture store chains are reducing their margins in an attempt to reduce their own inventories which are increasing. It is reported that several well-known chains may fold over the Summer unless retailing picks up. Furniture buying typically decreases as the weather warms and climate experts expect an early Summer.

Retailers who are proactive will be announcing pricing that hasn't been seen in decades for higher quality furniture pieces...

The decline of the world stock markets is effecting China in a big way and will result in layoffs of over 20 million Chinese citizens. Economists predict a 20% decrease in furniture prices in Q2 as factories are seeing reduced orders with increased inventories.

Many major furniture store chains are reducing their margins in an attempt to reduce their own inventories which are increasing. It is reported that several well-known chains may fold over the Summer unless retailing picks up. Furniture buying typically decreases as the weather warms and climate experts expect an early Summer.

Retailers who are proactive will be announcing pricing that hasn't been seen in decades for higher quality furniture pieces...I would imagine that this is just the tip of the iceberg. If you have some money or a job or both in 2009 you will no doubt have an opportunity to buy most anything at very low prices.

I don't see it happening at least stuff being made in the US which is still most of the upholstery that you see or can get...ie berkline, lane, etc. as the economy has slowed we have continued to see price increases from these manufacturers as the cost of the materials and shipping continues to climb. If anything you see companies going under almost overnight as we lost 3 companies last year that we bought from. I don't expect this to happen. But what I do see even within our own stores is more aggresive sales, lowering margins, more negotiating, etc. I think more stores and manufacturers will go under but the remaining will be stronger for it with less competition and won't lower their prices. My 2 cents.

I don't see it happening at least stuff being made in the US which is still most of the upholstery that you see or can get...ie berkline, lane, etc.

Both Berkline and Lane make furniture outside of the US. In fact, the stuff you see in Costco isn't American made.

But what I do see even within our own stores is more aggresive sales, lowering margins, more negotiating, etc. I think more stores and manufacturers will go under but the remaining will be stronger for it with less competition and won't lower their prices. My 2 cents.

Strength of those left standing will increase over the long haul, however prices for all parties will need to drop significantly over the next year and consumers will benefit immensely.

You can expect to see typical Powerbuy prices drop another 10%

You can expect to see typical Powerbuy prices drop another 10%

How did you come up with that number?

Many on this forum are awaiting the next powerbuy yet one isn't scheduled as there isn't enough demand. If prices were lowered an additional 20% demand would increase to bring sufficient volume to have a powerbuy...

ehh..I'm cheap. I have chairs now that will work. I've been waiting for that better deal (and missed a couple) for awhile now (a couple of years).

It's not that important to me. The price is right, or I continue to use the chairs I have now.

ehh..I'm cheap. I've been waiting for that better deal (and missed a couple) for awhile now (a couple of years).

Increasingly, more consumers are expressing the same sentiment...