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PREMIUMS, INCREASED PROPERTY TAXES, GAS PRICES AND NOTHING NEW PUSH FURNITURE BUYING INDEX DOWN
Charleston, SC June 1, 2007 – The Furniture Buying Index is down by two points to a reading of 79. Multiple factors bring the index down to a reading below 80 for the first time this year.
Britt Beemer, Chairman of America’s Research Group, said, “even though furniture shoppers over Memorial Day weekend shopped in big numbers, consumers did not buy because they did not want to spend the money.” He continued, “consumers remain cautious about buying furniture because of higher expenses such as gas prices, insurance premiums and property taxes.”
Beemer added, “when consumers start to see new items they will begin to buy again.”
The Furniture Buying Index is compiled each month by America's Research Group from interviews with 5,000-8,000 consumers across the country. In a typical month, 80 percent of the consumers interviewed can name a specific furniture item they intend to buy. The Index's mark signifies what percent of the benchmark 80% actually have a particular item in mind.
Britt Beemer is chairman of America's Research Group, a full-service consumer behavior research company based in Charleston, SC. ARG provides research and strategic planning services to leading manufacturers and retailers of consumer goods across North America.
For more information call:
C. Britt Beemer
800-723-3253 or REQUEST MORE INFORMATION
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