Carpet and Rug Market has become very fragile in Los Angeles as it is in many other cities and states. I spoke to a couple of rug and carpet dealers yesterday and they were all complaining about the market. There are rug buyers but they are not serious buyers and do not know what they are looking for. Many of them look for deals and bargains and do not care about the quality as much as they care about the price. Even those who have money, are not mentally ready to spend. Many factors and variables are involved such as high gas prices, credit crash, slow real estate market, elections and the primaries, lay offs, and the list goes on and the Oscar goes to ...
5 months ago