Century Furniture just announces a 10% surcharge effective January 7, 2022
Word just arrived today that Century Furniture will be adding a 10% surcharge to all orders effective 01/07/22. This should come as no surprise, as I have been predicting this will happen with all companies near the first of the year (Bradington Young has a 5% increase on Jan 5th). It's likely almost all companies will be increasing prices if they haven't already.
A Surcharge is different from a price increase. When they issue a surcharge they don't reprint the price books, because Management hopes it will be temporary. Most the time however, they don't go back down and eventually roll that into a new printed price list. Believe me when I tell you the company management loathes doing this, they know it doesn't sit well with anyone. It's not a profit grab, it's to maintain their sales margins. Cost of labor and materials keeps increasing, with inflation in the USA for 2021 averaging 6.2%, which has not been seen since 1990.
Anyways, you have about three more weeks to get in under most price increases, if you are inclined to order something.
Duane Collie
Straight answers from thirty-six years in the business.
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