Annual sales for the FDM 300 group of companies reached $36.167 billion in 2011.
Office and contract furniture manufacturers had a good year and more had higher sales in 2011 than they did in 2010.
Overall, there were more positive sales reports from more companies than in 2010, when only a handful recorded sales gains.
But the combined sales number for the FDM 300 group of companies declined 2.25 percent in 2011 to $36.167 billion. The 2010 number was adjusted down to $37 billion to make this comparison. We removed retail store sales from Ashley Furniture’s figure and retail sales from several other companies that had been included in past compilations.
The FDM 300 is a group of the 300 largest cabinet, furniture, millwork, store fixture, office/contract and component producers in North America. A detailed report will be included in the February issue of CabinetMakerFDM.
Our earlier estimate (including these retail sales) for 2010 had been $38.49 billion, which was down 6.4 percent from 2009 combined sales of $41.12 for the companies in the group. The largest sales decline (19 percent) took place when comparing 2009 and 2008 sales.