The inventory of home enterprises has increased by more than 40%

In recent days, a report that “inventories pile up like mountains and dealers reduce price vicious competition” has pushed furniture manufacturers’ royal furniture to the forefront. The reporter learned that many home furnishing companies are faced with "the troubles of the furniture of the dynasty": orders fell, and there was a large backlog of inventory. According to industry analysts, at present, the overcapacity of China's home building materials industry is 30%-40%, and more than 40% of enterprises are losing money. The reporter in the Xudong Dynasty furniture store, shopping guide Xiao Liu told reporters that this year the entire home building materials market is sluggish, all the brands in the store sales are flat, "promotional activities have basically not broken, but has been no one, the National Day Golden Week is not the case How about it.” She said that the sales of royal furniture fell by about 30% compared with previous years. The semi-annual report released by the Dynasty Furniture recently showed that in the first half of this year, the company's turnover decreased by 30%, and its net profit plummeted by 89%.

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