NEWS

Furniture retail sales fell during July on last month but rose against an annual comparison, marking the lowest figure so far this year. According to the latest data from the Office for National Statistics, furniture and lighting retail sales decreased 20.7% to £1.22bn from £1.54bn in June. Compared to the previous year, sales increased 2.5% from £1.19bn. Floorcovering retail sales were also down month-on-month by 19.7% to £199.2m from £248.3m. Compared to the same time last year, sales incre... ... [View more]

Vietnam has a versatile sourcing market of wooden products and furniture, being one of the biggest exporters globally. Since it joined the WTO in 2007, the industry has grown much, especially as Vietnam has signed 11 of its 13 free trade agreements since then. As a result, increasingly more companies inquire about how they can source furniture from Vietnam, but also about the wood types used, the import duties, and potential challenges. In this article, we cover the most important information... ... [View more]