Children May Help Save the Sluggish Furniture Industry!

Posted by MCC on October 27th, 2008 at 03:56am

With furniture factories closing on a weekly basis and the economy getting dimmer everyday, kids may be what keeps many furniture manufacturers afloat! News from High Point’s trade show is that children are the brightest hope for the ailing furniture industry.

By 2010, the U.S. Census Bureau has estimated that there will be some where close to 75 million of the population that will be under the age of eighteen. This large number of children over the next two years is offering furniture makers a glimmer of hope in keeping their doors open.

While there’s always been a market for children’s furniture, the industries main profits have been from living room sets, dining room sets and other basic household furniture. Now, more and more retailers are seeing the economic promise in children’s furniture and are deciding to invest deeper in the category.

While Stanley Furniture Company saw a 25% drop in sales during their third quarter, their sales of children’s furniture remained fairly stable. For many parents updating a dining room set can wait when their children outgrow cribs and need larger bedroom sets. With a forecast like this, children’s furniture is probably going to be showing up in many of the show rooms nation wide.

Under Furniture News