Published on October 9, 2008 by admin
The plummeting housing market, credit crisis and declining consumer confidence have helped to put furniture purchases on the back burner for many homeowners in South Florida and across the country. That’s taken a huge bite out of business for furniture retailers like City Furniture owner Keith Koenig.
After years of riding South Florida’s real estate boom, Koenig and other furniture retailers are paying the price and suffering through the bust.
It’s a dramatic turnaround after more than a decade when Florida’s housing boom fueled one of the most vibrant furniture retail markets in the country. While some trouble started in 2006, the last year has marked the worst slowdown in decades. (more…)
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Published on June 6, 2008 by admin
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Published on April 30, 2008 by admin
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