Anyone know what the average profit margin is for furniture?
For various reasons (which are the fault of the furniture retailer and readily acknowledged by them) the leather chair and ottaman we ordered back in September can not be delivered. We purchased them to match a sofa which was on the showfloor and which we got in September.
Options are 1) cut our losses and return the sofa for a refund. Not our preferred option (as we like the sofa) but the retailer would be willing to do that. Not his preferred option either.
- Move sofa to another room and start from scratch with a new style sofa, chair and ottaman…but if we did this I would not want the retailer to profit from the sale of the sofa. Doesn’t seem fair for them to make a profit on fixing a problem that they are responsible for. I’m happy for them to get a profit on the chair and ottaman as we had been originally intending to by it.
So anyone know what the profit margin are on furniture. It is big furniture store with a good rep.
I know there is a manufacturer’s suggested retail price (always high so it looks like you are getting a deal), the price that is listed on the floor, and the amount the store pays for the piece.