Housing slump pulls down furniture sales
The stylish home furniture stores have started wearing a deserted look. As high interest rates deter people from buying homes, sale of furniture has also dipped. Players like Nilkamal say they expect sales to drop by Diwali. "We are ready with promotions if need be we'll doll out discounts and promotional offers if sales dip," said Manish Parekh, Director, Nilkamal.
