At the end of August, when I investigated the furniture market in Wuhai City, I learned that the Wuhai home furnishing market was generally cold, which was significantly lower than that of previous years and was relatively sluggish.
In the large-scale brand stores in Wuhai, such as Marriott Furniture Store and Zhengyuan Home Store, although the customer traffic is quite large, the transaction volume has not been high. The performance of many brand stores has fallen by 20% to 30% compared to last year. Due to the country's overall economic situation is not very good, many consumers have chosen to reduce spending, most of the transactions are completed in the store and storefront specials, discounts and other preferential activities. Dealers have low profit margins and low profit margins.
Many dealers said that the traditional small-season business in August was not good, which was related to the economic environment. However, although most of the new construction projects in Wuhai this year have been delayed, there are still many real estates to be handed over at the end of the year. This year's Jinjiuyin 10 sales season is still optimistic.
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