Bed inflation due to drop in Sterling…
The pound has dropped by 20% relative to the dollar – you now barely get $1.60 to the £1. And unfortunately most of our bed frames and bedroom furniture are bought in dollars.
We are waiting to see if the drop is temporary but it’s not looking good. So any day now there is going to be a big hike in prices I’m afraid. We can absorb a few percent but 20% is just too much. My advice is that now is the time to buy imported beds and bedroom furniture – for us to buy stock at the old prices and for customers to buy now before the prices go up.
Our consolation is that every furniture retailer is in the same boat. Who is going to blink first?
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