World Furniture Configuration - A General News Blog

In some furniture related news of a rather negative nature, Furniture Factory Warehouse has filed for bankruptcy and it sadly faces an almost certain end unfortuntely, and yet the said firm has basically promised to settle accounts with customers who have made deposits on various types of merchandise. All in all, the said firm started way back in 2007 when its owners bought another retail chain, an yet ran into issues almost right away, unfortunately enouph for the Texas economy. They had good custom and design furniture. Among the plethera of various issues cited are a server crash which caused the firm to lose customer orders as well as even it’s crucial deposits, inventory information and business records; losing $60,000 to $100,000 in inventory to a “theft ring” at its San Antonio distribution center; and the economic downturn which lost the firm in question customers and likewise prevented it from obtaining inventory on credit, which proved to be a critical blow to it’s operations indeed. One firm which is not having these kinds of issues is the North Carolina based Custom Furniture Direct and in fact it has been doing quite well. They have outdoor dining furniture, designer lighting, leathercraft, Lorts and of course custom furniture too. It is hard to say why exactly it is doing so much better than many of competitors but one possible reason is it’s excellent customer service and the fact that the Furniture Source is primarily an online operation and less of abricks and mortar one, which could be helping in terms of it’s overhead as well as overall effeciency as well. This is really one of the more sad economic stories as of late, particularly when you consider the respective job losses involved in the state of texas, which is indeed considerable. One lesson learned from this is that the furniture business is not necessarily an easy one to master, even if you are
well funded and capitalized to start and if you are doing design or custom furniture in particular.. So this can be viewed as a sort of cautionary tale of sorts, i suppose. Hopefully I will have some better news to report the next time around, I hope at least that the Wall Street markets will pick it up over here.