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Pent Up Demand Boosts Sales of Household Appliances Says The Maytag Store Ajax
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by: rin-emedia
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The Bank of Canada has recently announced that an economic recovery is under way in Canada. Judging by the latest retail sales figures, it appears that many Canadian consumers feel that the recent economic troubles may be over. Despite high unemployment and lower wages, Canadian retail sales increased twice as fast as forecasted in August. This seems to indicate higher levels of optimism and confidence in the Canadian economy. According to Statistics Canada, sales were up in four of the eight major retail components tracked. While department stores and small specialty retailers, particularity those selling home electronics and automotive products, reported losses, major household appliance retailers realized a significant increase in sales. According to The Maytag Store Ajax (http://www.maytagclearance.com), falling prices and pent up demand are boosting household appliance sales.
Canadian retail sales of large appliances for the home, such as refrigerators, ovens, dishwashers, washers and dryers, have risen faster than forecasted. Industry experts feel that there are a number of factors contributing to the increase in appliance sales and one of the main factors is price. Over the last year, prices for major home appliances have come down to the extent that consumers who had been putting off making expensive purchases are now willing to make the plunge. Attractive pricing, combined with consumer confidence that the worst of the recession is over, has freed up spending in this sector. Consumers, who have been sitting on the sidelines waiting to see how the recession would affect them, are shopping once again.
"Our volume has increased steadily as customers gain confidence in the economy," states Chase Almeida, manager of The Maytag Store Ajax (http://www.maytagclearance.com), a household appliance retailer selling Whirlpool brand products from their 6,000ft Ajax, Ontario showroom. "People have been putting off appliance purchases over the past year and now we have pent up demand ... along with the lowest prices we've seen in many years. Canadian consumers vote with their wallets. They tend to be more cautious with their money than American consumers. If they are worried about their jobs, they are not going to buy. If they are not happy with the price, they are going to shop elsewhere," observes Almeida.
By their actions, Canadian consumers are showing confidence in the nation's recovery from recession and a brighter long term economic outlook for the future. Increased sales of major consumer goods demonstrate that, for many Canadians, the lingering negative economic fundamentals are no longer a deterrent to spending on big ticket items. Although October's unemployment rate rose slightly, Canadian major household appliance retailers remain confident that sales will continue to hold firm.
Contact Information:
Chase Almeida - Manager
The Maytag Store Ajax
2-280 Kingston Road East
Ajax, Ontario
L1Z 1G1
(905) 426-6900
info@maytagstores.ca
www.maytagclearance.com
About the Author
Contact Information:
Chase Almeida - Manager
The Maytag Store Ajax
2-280 Kingston Road East
Ajax, Ontario
L1Z 1G1
(905) 426-6900
info@maytagstores.ca
www.maytagclearance.com
About The Maytag Store Ajax: The Maytag Store Ajax sells all of the top Whirlpool brands, including Maytag, KitchenAid, Jenn-Air, Amana and Inglis, in a 6,000 sq. ft. showroom that boasts a real working kitchen so that customers can "try before they buy". Promising quality products and the best in customer service, The Maytag Store Ajax also features a 1,000 sq. ft. discontinued and clearance warehouse for the bargain hunter. For more information call The Maytag Store Ajax at 905 426-6900.
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