For those of us in the Hearth Industry, we know it has been a very slow first half of 2023. After two and half years of record sales for the entire industry, it has almost slowed to a crawl. The slowing pace has led to the dreaded combination of high inventory volumes and low-store traffic, as a result, many distributors and dealers are still trying to sell off their spring and summer products like BBQs and patio furniture.
2022 was an incredible year that was composed of three quarters of tremendous growth. However, the fourth quarter was a reality check where we saw slowing sales and orders. This was a sign of things to come in 2023.
The Duravent Group would like to wish you and yours a healthy, safe, and prosperous 2023.
As we begin the new year, we are seeing some challenges – for sure! 2022 was a tale of two halves. The first half of the year was a continuation of the strong sales from the previous two in the hearth industry.
As we approach the end of the summer and the temperature and pace of business starts to cool, we can begin to plan for 2023. However, before we do, let’s take a look at the many great things we were able to accomplish this year.