Below are a few highlights of things that were shared with us and our own observations at OFA 2008:
- Almost all of you with whom we spoke said that sales were forecasted to meet or exceed the numbers from the previous year.
- It appears that the new trend of the “staycation” could certainly help the industry, as people reduce summer travel and stay home, thus increasing the nesting process, which creates a process of the consumer enhancing his / her surroundings by purchasing home and garden products.
- J Guy, Manager and Founder of Novalis® Plants that Work® and Plants that Work by Color™ met with an economist form Wachovia Bank and he stated that “Oil is [estimated] expected to come down to $126 per barrel in the first quarter of 2009, therefore decreasing the price of gas which will allow the consumer to have some discretionary income to do things like gardening.”
~Jeff
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