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Jul 28, 2005 -- Furniture market reduced to a few players

Furniture retailers have been closing left and right because the industry is in complete turmoil. At the same time, two furniture retailers are going great guns in the industry. They are so successful because they have such big stores. They are IKEA and Nebraska Furniture Mart. These companies sell unbelievable amounts of furniture. The Nebraska Furniture Mart has up to 14,000 people inside at one time, and is growing to be the size of a mall. The whole idea is to “sell cheap and tell the truth,” which is the motto of Nebraska Furniture Mart. People drive thousands of miles to visit these places and buy the furniture. IKEA also ships its goods cheap by sending them disassembled. So, when it arrives you have to put it together. Costco Wholesale is also doing well selling furniture because the mark-up on the merchandise is so small. Consider these companies when buying furniture these days, and you’ll pay much less.

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