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Most home furnishings not affected by tariffs, Honea says

Time:2019-11-09 09:47:10    Share:

There’s a lot of talk about tariffs on Chinese home furnishings these days, but most furniture and bedding in the industry is not affected by those tariffs, a top Nationwide Marketing Group executive says.';font-family:georgia;color:rgb(51,51,51);letter-spacing:0.0000pt;font-weight:normal;text-transform:none;font-style:normal;font-size:12.0000pt;mso-font-kerning:0.0000pt;background:rgb(255,255,255);mso-shading:rgb(255,255,255);">

He said that more than 60% of retail sales of furniture and bedding “is not affected by the tariff discussion.”';font-family:georgia;color:rgb(51,51,51);letter-spacing:0.0000pt;font-weight:normal;text-transform:none;font-style:normal;font-size:12.0000pt;mso-font-kerning:0.0000pt;background:rgb(255,255,255);mso-shading:rgb(255,255,255);">

“Production is moving to Vietnam and other Asian countries, but they are challenged to handle the logistics, labor and infrastructure to absorb all the demand,” Honea said. “As a result, the majority of China tariff increases will work its way through the supply network.”';font-family:georgia;color:rgb(51,51,51);letter-spacing:0.0000pt;font-weight:normal;text-transform:none;font-style:normal;font-size:12.0000pt;mso-font-kerning:0.0000pt;background:rgb(255,255,255);mso-shading:rgb(255,255,255);">

He said Nationwide vendors “consist of a blend of domestic and import suppliers delivering a variety of price points and style. China represents 31% of the wood furniture and 29% of upholstered furniture sold nationally, and these are represented in our programs. At the end of the day, consistent quality, design and order flow is what members count on to deliver a good experience for their customers.”