The figures come from figures from the Government’s 2014 annual report on financial management, and for the entire industry it shows profits are going up from £8.4 billion in the year to the end of June 2014 to £12.8 billion in the year to the end of March 2015.
But the report also reveals some of the difficulties that the industry faces, with sales of second hand furniture falling by 4.7% over the same time period, an annual figure which the Furniture Federation (the industry body which represents the firms’ representatives) blamed “on poor sales in the second half of last year”.
“It is an annual fall,” said Chris Liddell, FNF’s managing director. “Part of it is a question of how much people can afford when they’ve got to spend more money on fuel, but part of it is that they can’t get their money back.”
FNF’s chief operating officer, Paul Jones, has suggested the problems stem from “a reluctance of consumers to pay for second hand furniture and our view is these are consumer issues”.
“We think of secondhand furniture as a positive activity because you can put it down, and there’s plenty of interest. I suppose there’s some reluctance of the consumer to spend money on the refurbishment.” He added: “This industry needs support from government right across the board, not just on energy.”
However, a report published by IHS Global Insight earlier this year found that most of those who buy second hand furniture in the UK are consumers, not industry leaders like FNF.
It found that only a fifth of the secondhand furniture sales in the UK, around 90,000 products, come from big companies.
A New Approach
The New York State Education Department is a state agency, and as such, it is subject to the General Assembly’s policy making authority. The New York State School Boards Association has been advocating for reform and updating the process of providing public education in New York State, with this goal in mind, the NSCBA formed Education Reform New York State as a non-profit corporation. We provide a non-partisan analysis of the current system and how it may be changed to meet the needs of the students we serve.
This review was originally published in August 2013, with the addition of new information from October 2016 (revised December 2017 and September 2018). The following is a review of the film’s most recent release. Click “Read More” at left to continue
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