NATM’s Bill Trawick described business this year, as “very bad.” But the climate, he said, could begin to improve during the second half of next year.
“I didn’t expect it to be as tough as it is right now,” NATM’s president and executive director said at the buying group’s annual retailer/vendor conference in Dallas.
The summer downturn was a bit of a surprise for Trawick, who said NATM’s 12 dealers reported “pretty decent numbers” during the first four months of the group’s fiscal year, especially during April and May, before those numbers started to drop in June and continued to plummet through August.
The group’s appliance sales took the biggest hit, sinking about eight percent from last year. That number is in line with the industry average but is a significant decrease in the group’s appliance sales this time last year, which tracked between four to five percent above last year’s industry average.