Decline in sales is something to be expected and in this case of sofa retailer, Land of Leather, such a crisis should not really be surprising. Action plans to help make up for previous poor performances are to be expected but the thing is, you really have to consider the fact that the times today are really hard.
Most consumers today are price sensitive. Furniture buying now is not as rampant as before. While many are hoping for brighter days ahead, you just have to decide on whether you will continue with your furniture biz or fold up just like a Murphy bed.
Land of Leather said: “Market conditions have remained challenging due to the increasing demands on consumers’ disposable income and the continuing credit crunch.”
(Source) The Press Association
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