Designer furniture retailers are planning to drop their designer discount store offers starting this fall, and the new policy is a win for shoppers.
The new rules, announced Wednesday by the U.S. Department of Commerce, will allow customers to shop for designer furniture at store locations where a full designer discount has been added.
The policy is part of the department’s effort to boost the number of designer furniture stores, which have grown to nearly 1,300.
In addition, retailers can also continue to offer a full range of designer furnishings, including furniture and accessories.
The department said that for every 1,000 new designer furniture orders, the department will save $3.40.
The department has been pushing the policy since the retailer of the year awards its “Best Designer” award to the store in December, and it was announced in February as part of a broader effort to increase the number and diversity of designers in the furniture industry.
“Designer furniture retailers have long been recognized as a leading source of creativity and innovation in the retail industry,” said a department statement.
“With the introduction of this policy, we are pleased to have the ability to offer more choice to our customers and more value for their hard-earned dollars.”
The new policy comes at a time when furniture retailers across the country are struggling to keep up with demand for their wares.
The number of stores opening each year has fallen by about half in the last year.
The industry is expected to grow by about 1.5 percent to 2.6 million new jobs in 2020, according to the Bureau of Labor Statistics.