New furniture orders increased in January, although not for everyone

New furniture orders for January were 8 percent higher than in January 2018, accounting and business consulting firm Smith Leonard PLLC in High Point, N.C., reported March 29. 

Key Monthly Indicators

“The good news for January was that shipments were up 14 percent over January 2018 and some 75 percent of the participants reported increased shipments for the month,” the firm said in a summary of its monthly survey results. “New orders are critical but shipments and subsequent collections pay the bills.” 

“The not so good news is that everyone was not participating in these good results. In January, only one-half of the participants reported increased orders for the month. This was up from approximately 45 percent reporting increases last month. There were a good number of participants reporting only slight declines, but clearly these results do not reflect the rising tides that we would hope for.” 

Percent Increase/Decrease Compared to Prior Year

In a commentary, partner Ken Smith offered this: “Spring time is coming and so is an early High Point Market. We hope all retailersand designers will come. While business may be not all that great, it is hard to imagine being in the furniture business and not coming to see the latest in the best fashions available anywhere. We hope to see you.” 

Related Posts

Looking to grow your business? Look no further.
Becoming a member of the HFA has more benefits than we can list here. Click the button to learn more.
Trending In

HFA Solution Partners

ODP_HFA Solution Partner

When it comes to running a business, there’s always one thing you can count on:

Risk Assurance Partners Logo

Risk Assurance Partners (RAP) is a leading provider of Furniture Protection Programs utilizing Reinsurance to


Since 1988, we have been producing products designed to solve sleeping issues. From our HealthySleep

AVB Marketing

AVB marketing is a not-for-profit, member-owned full service agency delivering custom marketing solutions to America’s


Okinus is a fast and friendly lease-purchase program provider that offers instant approvals with no

Sign up for more!
From HFA events to the latest member news, get updates straight to your inbox.

Not an HFA member?

Don't miss out on all of our association benefits!