Sales prospects should continue to improve for closet and home storage businesses this year, according to an exclusive consumer survey by CLOSETS magazine.
âCLOSETS Magazine 2010 Consumer Market Trends & Opportunities Study.â included responses by more than 1,000 consumers. It found that 25% of the respondents completed a master bedroom closet project last year, with an average expenditure of $3,011. Closets for other bedrooms were completed by 20% of respondents, with an average project expenditure of $2,544. In both cases, 2009 was a year of growth, with a rise of around
10% in numbers of respondents doing closet projects last year and increases in dollars expended for both master and other bedroom closets.
Garages were also high priority projects last year: 23% of respondents said they completed a garage organization project, spending an average of $2,907. Home offices took a hit with the downturn. The fall in employment lead to a 10% drop in the number who said they completed a home office project in 2009 â 20%.
Read CLOSETS magazine's full report.
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