Home Goods Online Sales Forecast from Kubas

2012 Outlook Modest, Kubas says

Contributed by HGO Staff

TORONTO (05 December 2011) - This has turned out to be a disappointing year for the overwhelming majority of

furniture stores in this country, according to the latest edition of the Retail Sales Outlook published by KubasPrimedia, a

retail consultant based here. However, home furnishings stores have turned in an above average performance and

should continue to do so into 2012.

For the third time this year, Kubas executive vice president Ed Strapagiel has ratcheted down his sales expectations

for Canadian furniture stores. They should total $9.5 billion when the year comes to a close at the end of the month,

down 1.6% from the $9.7 billion rung-up in 2010. This is also substantially below his original 2011 forecast of $10.0 billion.

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