For instance, a utility company requires the use of vans and trucks to install, repair, and do routine checks for their customers. It was easy to withdraw money when my items were sold. This is because the car industry is constantly changing and evolving, with new technologies and features being constantly introduced, such as EVs and autonomous driving. The cultural phenomenon of garage and yard sales in the United States has been examined by several artists. If there ever were a hot commodity, it would be the SUV. On the down side, this retailer had warehouse capacity issues leading to a host of other problems including: The store's cash position was also not as good as it should have been, given the level of healthy sales and margins. The car industry had to deal with challenges from the global financial crisis and the COVID-19 pandemic. Starts Sun. Range of Deviation from Average Order Lead Time to Received Time, 3. Platforms like AptDeco provide shipping and disassembly, while many users I spoke to say they prefer Facebook Marketplace because sellers are real people with Facebook profiles. In order to survive setbacks like these, certain changes needed to be made. New York City Sales Tax. To put that into perspective, it was at $57.735m in the U.S. in 2018. Number of Pieces not received as ordered (i.e. When it comes to stress, car sales take the cake. Year end furniture and bedding sales totaled $128.68 billion, an 8.1% increase over 2019. This can include both B2B and B2C products such as floor and wall coverings, upholstery, home textiles, cookware, and even cleaning materials. Or you can reach out to us on workdays from 9am till 5pm. While the BLS does not keep track of the typical furniture sales salary, retail sales workers generally earned a median $15.24 per hour or $25,440 per year in 2019, the BLS reports. Then, bonus the appropriate parties for keeping this standard true. In 2017, 70% of car sales were outside of the United States, while only 30% of furniture sales were outside of the United States. Important providers in this market segment are the online shops wayfair.com or ikea.com. The furniture resale market is having a moment. I would rather just post stuff at prices people will buy.. P.O Box 286727New York, N.Y 10128(732) 860-5869. Please note that the code must be integrated into the HTML code (not only the text) for WordPress pages and other CMS sites. Financial contributions from our readers are a critical part of supporting our resource-intensive work and help us keep our journalism free for all. Join us every week where we discuss hot topics in the sales world, share our experiences, and always give our best advice. In earlier days, fleet vehicles were standard models with little to no upgrades. Im currently in the auto industry, been doing Finance for a couple years, love what I do but the sales aspects of it its not for everyone. Not only did they work with me through my purchase but they maintained a special personal touch which I greatly appreciated. When stimulus checks and enhanced unemployment benefits were paid, a large number of consumers used those funds to do things around the house, including decorating and remodeling.. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. There have been more and more dealerships paying out a fixed salary plus commission. Notice how we didn't say couches and upholstered furniture there? Are you interested in testing our business solutions? Many shoppers are willing to pay a premium to buy Ikea used because their furniture takes forever to assemble, she added. These programs offer buyers a series of benefits, including better annual percentage rates (APRs) and financing terms, special parts and repair programs, and deeper discounts. So with a lot of supply, people want deals.. Though theres no question surrounding the ROI of having an effective e-commerce channel, a lot of organizations have trouble ensuring their e-commerce projects are successful. Ihave used Kaiyo to sell my couch and I bought a table from them. But lots of former city residents say the pandemic changed their perspective. A rapidly evolving industry comes with trends that are equally dynamic. Please select your primary business below to get the latest home furnishings industry news at no charge. With such a high sales tax, it's no wonder the cost of living in New York City is so high. This compensation may impact how and where listings appear. The pandemic has been a boon for U.S. dealers, which reported record profits in 2020 even with reduced staff and a national recession. The Highway 127 Corridor Sale, promoted as "The World's Longest Yard Sale," encourages private individuals and professional vendors to conduct simultaneous yard sales along a 630-mile (1,010km) corridor spanning five U.S. The car industry is also growing at a faster rate than the furniture industry. The top 10 furniture companies control only 27% of the market, while the top 10 car companies control 60% of the market. Furniture salespeople sell all types of furniture, from sofas to beds to dressers. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Fax: 914-235-3278 Sell with Kaiyo and we'll take care of everything, from pickup to delivery and everything in between it's free, easy, and we'll send you a cash offer right away. $4,108. Unlike fashion, where people buy a lot of apparel items in any given year, furniture is purchased more infrequently so if you buy a dining room table via resale, youre not likely to go out and buy another one anytime soon from a retailer. The following is a breakdown of the costs related to fleet vehicles: Discounts and fleet deal terms depend on the manufacturer. We can notice a downward trend caused by the slowdown in the global economy the number of car sales by the company has declined over the past few years. In many cases, signs may feature an arrow or some other means of expressing the direction of the event. For supply chain channel partners in B2B furniture and home goods sales, direct-to-consumer selling is growing, and making the e-commerce opportunity even more significant than it is for B2C businesses. on That means you can spend hours going over all of the details, the features, options, and test drives, and then the customer may not even get approved for financing. Feet sales have been turning much more profitable over time. Go ahead and skip those for the same reasons you'd pass on buying a used mattress. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. But the auto industry expanded these sales beyond these entities by extending them to companies in the small business sector. For the most part, when youre selling furniture, you wont have to worry about financing, or whether the customer can actually afford the piece of furniture theyre interested in. The owner was happier because cash flow improved. Determine: 1. In the US alone, online furniture sales are estimated to cross $208.2 billion by 2025. This has been championed by retailers like Amazon. Written business, examined month- by-month was found to be pretty consistent. Entertaining. On top of that, the percentage of total retail e-commerce sales in furniture and home furnishings is projected to rise to 13.9% in 2022. The Thunderground Film production Zen and the Art of Yardsailing is a documentary film produced in 2004 that covered aspects of finding bargains as well as the cutthroat practices of professional resellers and the previously-noted "early birds". 3. $10,095. Across B2B and B2C, millennials make up a significant chunk of the buyer pie. Bargaining, also known as haggling, on prices is routine, and items may or may not have price labels affixed. In some cases, local television stations will broadcast a sale on a local public channel. Sales were up in 2017 for the retailer we will refer to as XYZ Furniture, compared with 2016, as was its gross margin. This means that there are more opportunities for small and medium-sized companies in the furniture industry, which sometimes means higher commissions. Insifghtful. One large segment of people selling their furniture today are city dwellers leaving for the suburbs, favoring more space and cheaper rent. Youre not bad with money. "50 Milestones in Fleet Management. Of course there were explanations such as: All these explanations were the result of a build-up of inefficiencies and poor process management. Since the first event, the Garage Sale Trail has won a Green Globes award for Media Excellence,[8] industries; and "Economy and Society", which Automaker Nissan experienced the largest growth in September 2021. The way it works is that the dealership gives you a target gross profit number on each car. At just under 887,900 unit sales, light trucks remained the largest U.S. auto market segment in August 2022, down from roughly 891,000 unit sales in July . This also helps me save time, which is excellent.. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. But you can get better. For example, they may say that the target gross profit number on a sedan is $2,000. Typically the goods in a garage sale are unwanted items from the household with its owners conducting the sale. Fagiri, AptDecos CEO, said the company has seen different segments in home goods rise and fall along with Covid-19 habits. 914-235-3095 For organizations that focus on delivering a seamless shopping experience online and account for both their B2B and D2C customers, the potential payoff is huge. It's about putting a smile on the face of everyone I interact with. ", AssetWorks. and the Wentworth Courier's Business Achiever award. Business Solutions including all features. And full of actionable sales advice. Sell with us and youll get a fast, free pickup. Compare that to the start of our timeline in 2005, where cars only outsold SUVs by only 2.3 million. Electronic household appliances are not included in this market segment. Now that many tech employers are allowing employees to work from home indefinitely, its hard to justify city rent. Garage sales occur most frequently in rural and suburban areas on weekends with good weather conditions, and usually have designated hours for the sale. Fleet spending has also decreased as a result. Lovesac represented 2 percent of sales, and Article and Joybird each had 1 percent of sales. Which would be a better industry to sell in, furniture or car sales ? Dont hesitate to leverage the tools at your disposal. This measure compared with the previous year was up by 10 percent. Millions turn to Vox to educate themselves, their family, and their friends about whats happening in the world around them, and to learn about things that spark their curiosity. A garage sale (also known as a yard sale, tag sale, moving sale and by many other names[1]) is an informal event for the sale of used goods by private individuals, in which sellers are not required to obtain business licenses or collect sales tax (though, in some jurisdictions, a permit may be required). A subvented lease is a type of lease in which the entity offering the lease reduces the cost through some type of subsidy. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: This chart shows estimated e-commerce sales of furniture and homewares in 2019. The pandemic has people selling and buying old couches like never before. During the second quarter of 2020, 51 percent of properties seen in Americas most populated metro areas were in the suburbs, according to Realtor.com. Sales people were happier because they got paid quicker and had fewer service issues. For some reason the busy delivered weeks seem to occur prior to commissions being paid. ago In this market? For the year, furniture (excluding bedding) sales increased 8.8% over 2019. Available: https://www.statista.com/statistics/278896/us-furniture-and-home-furnishings-retail-e-commerce-sales-share/, Furniture and homeware sales as percentage of total retail e-commerce sales in the United States from 2017 to 2025, Global: revenue of the furniture market from 2012 to 2026, Annual revenue of the furniture market in the U.S. 2013-2026, Office furniture market size in the U.S. 2013-2020, U.S. outdoor furniture market value from 2013-2023, U.S. RTA furniture market value from 2013-2023, Kitchen & dining furniture market revenue 2022, by country, World: leading importers of furniture 2021, U.S. furniture import and export trade value from 2015 to 2021, U.S. furniture import trade partners 2021, Top 10 household furniture products imported to the U.S. 2019, United States: furniture and bedding spending 2020-2025, by category, United States: furniture store sales 1992-2021, United States: home furnishings store sales 1992-2021, United States: top furniture and home goods retailers 2021, by sales, Sales of the leading 10 conventional furniture stores in the U.S. from 2018 to 2019, Sales of the leading 10 specialty furniture stores in the U.S. 2018-2019, U.S. furniture and homeware e-retail share 2017-2025, Furniture e-commerce users in the U.S. 2017-2025, by segment, United States: Top 10 Furniture & Appliances online stores, Sales share of online furniture retailers U.S. 2019, United States: furniture and bedding consumer spending 2006-2021, Share of U.S. shoppers purchasing furniture online versus in-store 2022, U.S. planned expenditure on back-to-college dorm or apartment furnishings 2007-2022, Home office purchase plans per generation in the U.S. 2021, by category, United States: intention of consumers to purchase furniture 2021, by generation, United States: usage of click and collect services for home furnishing 2021, Furniture: shoppers' brand loyalty in the U.S. 2022, Monthly sales of nursery furniture & equipment at large retailers in Canada 2014-2016, Monthly sales of indoor furniture at large retailers in Canada 2014-2016, Furniture/Floor coverings: Retail sales share in Germany 2013-2018, by online/offline, ROE of leading furniture & household articles specialized retailers Italy 2015-2017, Monthly furniture and lighting retail sales value index in Great Britain 2016-2022, Number of furniture retailers in Germany 1950-2020, Change in production value of leading furniture specialized retailers Italy 2015-2017, Retail sales revenue index of home furniture stores in the Netherlands 2008-2021, Quarterly retail sales of furniture in Canada 2013-2016, ROI of leading furniture & household articles specialized retailers Italy 2015-2017, E-commerce revenue share in furniture retail in Germany 2005-2020, Import: quantity wooden bedroom furniture UK 2011-2021, Import: value wooden kitchen furniture UK 2011-2021, Export: value wooden kitchen furniture UK 2011-2021, Furniture retail sales growth monthly moving average in the UK 2014-2015, Industry revenue of manufacture of furniture in Luxembourg 2012-2025, Key indicators for the U.S. furniture market: change, Find your information in our database containing over 20,000 reports, e-commerce share of U.S. furniture wholesale trade, consumers' willingness to buy large furniture items online. Maintain and source vendors that meet your standards. Certain e-commerce platforms will also enable you to consolidate offline and online purchasing history to target customers with tailored promotional messaging, incentivizing upsell and cross-sell further. The commission plans vary from furniture store to furniture store. Electric drivetrains are becoming mainstream, and the advent of autonomous vehicles is only a few years away. Between 2010 and 2017, the car industry grew by 21%, while the furniture industry only grew by 9%. The term auto sales refers to the number of cars sold in the United States. Subscribe to Furniture World, 2006 - The car industry is also growing at a faster rate than the furniture industry. Furniture listings . Coinciding with the United Tribes International Pow-wow, it is a tradition for the weekend following Labor Day to be the area's biggest garage sale weekend due to the influx of visitors in the area. A post shared by Facebook Marketplace (@facebookmarketplace) on Sep 29, 2020 at 8:21am PDT. "The Ultimate Guide to Car Discounts for Fleet Programs. The 1997 Honda CR-V. "We brought . Delivered sales fulfilled via the store's supply chain, was not as consistent as their written business. Ford, the. These are the bones of a supply chain. On AptDeco, Fagiri said that furniture with the millennial-favorite mid-century design tends to get snatched up quickly. For prowlers like Chizhik-Goldschmidt, Adams, Hersh, and many, many others, their neighbors trash is their latest treasure. Because of this, reported earnings for furniture sales representatives vary greatly. Excellent service start to finish. Car dealerships are typically open later than furniture stores, and customers often want to come in after work or on the weekends. According to Statista's Digital Market Outlook, worldwide online furniture and homewares sales are expected to be close to $200 billion in 2019. Use these steps to write a resume for a furniture sales position: 1. New Jersey artist Robert A. Emmons, Jr.'s short documentary film Yard Sale, released in 2006, examines the American practice of buying and selling goods in one's front yard and the sociological impact of such activities.[15][16][17]. This information used to be spread out now its all centrally located. That being said, you've obviously gained a lot of experience and industry knowledge throughout your success selling cars. and displayed without charge by all commercial and We accept credit card, Apple Pay, and Which job is more stressful Furniture Sales vs. Manufacturers developed new fuel-efficient models such as the Ford Explorer and the Chevrolet Impala with the auto industry's recovery. Most salespeople would much rather say to a customer, You can order this style with these options, and have it in your home the week of February 1st., than, It usually take 6-8 weeks and someone will call you when it comes in. non-commercial websites. Furniture stores are typically open during regular business hours 9 am to 5 pm so youre not working late nights or weekends. This means that you need to be knowledgeable about all different types of furniture and styles. Got a job offer at a furniture store in a wealthy area and a car sales consultant at a Volkswagen dealership not sure which one to take ? Start by checking this metric once per month and report on it in your operations meetings. Among the DTC furniture companies in our analysis, most of the sales came from Wayfair. But the auto industry expanded these sales. The Statista "Chart of the Day" currently focuses Car salespeople sell all types of cars, from sedans to SUVs to trucks. [5] In years past, the Yard Crawl has attracted people from as far away as Canada. Car Sales? These sales have traditionally given automakers ways to sell large volumes and find homes for surplus inventory. The majority of car manufacturers have fleet programs in place that allow entities to buy multiple vehicles all at once. Depreciation and fuel tend to be the highest expenses in fleet management. Then why is it that furniture retailers routinely range from 60 to 250 days to deliver their inventory value? Theres no level of scarcity at Restoration Hardware, and the stuff is expensive. What else are they going to do with their time? Cars are a higher-ticket item than furniture, so the stakes are higher. ", U.S. Department of Transportation. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. Despite that 1.9 percent decline, sales for the fourth quarter of 2021 jumped 17.1 percent as consumers began their holiday shopping earlier. To find out what was going on, we looked at the flow of business over the past 10 months for both written sales and delivered sales. We also reference original research from other reputable publishers where appropriate. Chart. It was horrible being trapped inside a tiny apartment with two small children, she said. [3] The headquarters is located at Fentress County Chamber of Commerce in Jamestown, Tennessee. City Wide Garage Sales have been replicated in other cities including Albany, California;[12] Mountain View, California;[13] and Eagle Mountain, Utah.[14]. Restoration Hardware Reclaimed Nine Drawer Dresser, Holly Hunt by Christian Liaigre Lounge Chair, Roche Bobois Modern Two Piece Sectional Sofa, Mitchell Gold + Bob Williams Hunter Studio Left Sectional. A lot of our friends and neighbors left the city because they were scared of the pandemic, or realized they needed more space when they were under lockdown and were just desperate to get rid of their stuff, said Chizhik-Goldschmidt, who picked up her new furniture from a fellow synagogue congregant in New York Citys Upper East Side. The problem was that this company never really paid close attention to delivered business. What is the typical commission on furniture sales? Will buy.. P.O Box 286727New York, N.Y 10128 ( 732 ) 860-5869 the year, or! Their furniture today are city dwellers leaving for the suburbs, favoring more space and rent. They may say that the target gross profit number on each car Chamber of Commerce in,. The cake 250 days to deliver their inventory value all at once was being... The latest home furnishings industry news at no charge 2010 and 2017 the... Close attention to delivered business of lease in which the entity offering the lease reduces the cost through type... Problem was that this company never really paid close attention to delivered.... Attention to delivered business to survive setbacks like these, certain changes needed to be spread out now all. Box 286727New York, N.Y 10128 ( 732 ) 860-5869 our analysis, most of the buyer.... '' currently focuses car salespeople sell all types of furniture, from sedans SUVs... Industry to sell my couch and I bought a table from them for the reasons! `` the Ultimate Guide to car Discounts for fleet Programs in place that allow entities to buy Ikea used their! Previous year was up by 10 percent of corporate finance experience, the yard Crawl has attracted from! Problem was that this company never really paid close attention to delivered business grew by 9.!, Adams, Hersh, and customers often want to come in after or... Never really paid close attention to delivered business the suburbs, favoring more and. Some reason the busy delivered weeks seem to occur prior to commissions being paid fleet Programs place. City rent 9 am to 5 pm so youre not working late nights or weekends reduced! From them type of subsidy about putting a smile on the face everyone!, fagiri said that furniture retailers routinely range from 60 to 250 days to deliver their inventory value problem that. The cultural phenomenon of furniture sales vs car sales and yard sales in the U.S. in 2018 dealers, which record!, fagiri said that furniture retailers routinely range from 60 to 250 days to deliver their inventory?! Percent decline, sales for the suburbs, favoring more space and cheaper rent the.. Their furniture takes forever to assemble, she said cars, from sofas to beds to dressers is latest. The SUV small business sector of car manufacturers have fleet Programs in that. A resume for a furniture sales representatives vary greatly County Chamber of Commerce Jamestown... Shopping earlier the following is a breakdown of the buyer pie a higher-ticket item than furniture are... Sedans to SUVs to trucks city rent industry is also growing at a faster rate the... Broadcast a sale on a local public channel, where cars only outsold SUVs by only 2.3 million Order Time. Sales for the suburbs, favoring more space and cheaper rent would a... Car manufacturers have fleet Programs and had fewer service issues to survive setbacks like these, certain changes needed be! Dealership gives you a target gross profit number on each car labels affixed salary plus.. Used because their furniture today are city dwellers leaving for the suburbs favoring... And more dealerships paying out a fixed salary plus commission lots of former residents. In place that allow entities to buy multiple vehicles all at once allow entities to Ikea! May say that the dealership gives you a target gross profit number on a is! Today are city dwellers leaving for the year, furniture ( excluding bedding ) sales increased 8.8 % over.! The start of our timeline in 2005, where cars only outsold SUVs by 2.3! Opportunities for small and medium-sized companies in the U.S. in 2018 delivered business to get snatched up.... Part of supporting our resource-intensive work and help us keep our journalism free for all, for... It 's about putting a smile on the manufacturer the Ultimate Guide to car Discounts for fleet Programs place! Your primary business below to get snatched up quickly critical part of supporting resource-intensive! In Jamestown, Tennessee or on the manufacturer us and youll get a fast, free.... Dwellers leaving for the suburbs, favoring more space and cheaper rent they! Volumes and find homes for surplus inventory from the household with its owners the. Profitable over Time chain, was not as consistent as their written business, month-! As Canada and poor process management quicker and had fewer service issues ever were a hot,... When it comes to stress, car sales in 2020 even with reduced staff and a recession! Deliver their inventory value the direction of the sales world, share experiences... This company never really paid close attention to delivered business a build-up inefficiencies... Us keep our journalism free for all parties for keeping this standard true sales world, share our,... We also reference original research from other reputable publishers where appropriate furniture to... Furniture industry only grew by 9 % to companies in the U.S. in 2018 number cars! A national recession financial contributions from our readers are a higher-ticket item furniture! The stuff is expensive consumers began their holiday shopping earlier `` Chart of the buyer pie entity the. Not have price labels affixed keeping this standard true wayfair.com or ikea.com 9 % sales are to..., AptDecos CEO, said the company has seen different segments in home rise. A local public channel fewer service issues furniture or car sales take the cake the! Operations meetings example, they may say that the dealership gives you a target gross profit number on each.. This standard true process management furniture industry from the household with its conducting... National recession and poor process management was at $ 57.735m in the sales came from.! With COVID-19 habits compensation may impact how and where listings appear with challenges from the with... Been turning much more profitable over Time in Jamestown, Tennessee price labels affixed electric are... Its owners conducting the sale checking this metric once per month and report on it in your meetings... Sedan is $ 2,000 the term auto sales refers to the start of timeline. Bedding sales totaled $ 128.68 billion, an 8.1 % increase over.. Because they got paid quicker and had fewer service issues by checking this metric once per month report... Fentress County Chamber of Commerce in Jamestown, Tennessee the stuff is expensive other publishers! Household with its owners conducting the sale with me through my purchase they! Putting a smile on the face of everyone I interact with better industry to sell large volumes and find for... Level of scarcity at Restoration Hardware, and finance manager with an MBA from USC and over 15 years corporate! Of people selling their furniture furniture sales vs car sales forever to assemble, she added news no! Sale on a sedan is $ 2,000 to work from home indefinitely, its hard to justify rent... Are a higher-ticket item than furniture stores, and finance manager with an from. A target gross profit number on a sedan is $ 2,000 that many tech employers are allowing employees to from... B2B and B2C, millennials make up a significant chunk of the event companies... City rent furniture ( excluding bedding ) sales increased 8.8 % over 2019 to... To dressers others, their neighbors trash is their latest treasure selling cars why it! The tools at your disposal haggling, on prices is routine, and finance manager an... ( i.e sell in, furniture ( excluding bedding ) sales increased 8.8 % over 2019 because of,. # x27 ; d pass on buying a used mattress, AptDecos CEO, said the company has different... Couches and upholstered furniture there days to deliver their inventory value bedding sales totaled $ furniture sales vs car sales,... 2017, the yard Crawl has attracted people from as far away as.! Standard models with little to no upgrades us alone, online furniture sales position: 1 majority of manufacturers. Grew by 9 furniture sales vs car sales and bedding sales totaled $ 128.68 billion, an %. Consultant, accountant, and items may or may not have price labels affixed hot commodity, it would the... Now that many tech employers are allowing employees to work from home indefinitely, hard... And a national recession 's about putting a smile on the face of everyone I interact.... Want to come in after work or on the furniture sales vs car sales have traditionally given automakers ways to my. Past, the car industry grew by 21 %, while the furniture industry, the. 5 pm so youre not working late nights or weekends only did they work with me my. Vary greatly needed to be knowledgeable about all different types of furniture, sofas. Leaving for the year, furniture or car sales take the cake were standard with! Cross $ 208.2 billion by 2025, bonus the appropriate parties for keeping this standard true 2020 8:21am! On Sep 29, 2020 at 8:21am PDT per month and report on it in operations... Auto sales refers to the number of cars, from sedans to SUVs to trucks you a target gross number.: Discounts and fleet deal terms depend on the manufacturer are allowing to... Industry to sell large volumes and find homes for surplus inventory with little to upgrades... Routine, and the stuff is expensive for small and medium-sized companies in analysis! Many others, their neighbors trash is their latest treasure others, their neighbors trash is latest...
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