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Furniture Executives See Profitable Year In Buyers' Market
In a peace economy 1948 brought a shift from seller competition to buyers market. Retail sales reached about 10.7 billion, a six percent rise from 1947, with 1946 up 32 percent from 1945. Buyers grew selective, ordering 60 to 90 days ahead. Industry leaders foresee wider offerings and better design, with multi purpose furniture, while prices likely stay flat or rise slowly. Unclear inventories complicate storage at Merchandise Mart and American Furniture Mart shows.
MENTIONED IN THIS ARTICLE
Chicago
Wallace O. Ollman
Merchandise Mart
Lawrence H. Whiting
American Furniture Mart