I believe that Lexington, like a few other US companies, prohibits their dealers from selling their current running line of furniture below a certain price level.

If you are that in love... go get it!

That sounds like a good price. If you love it, buy it. There is no reason they have to go lower just because you asked them to. Plus, as beverly27 said, they may be restricted from doing so by the manufacturer.

I do love it (a lot) but it's waaaaay over our budget - we were hoping to get a sectional around 3.5k out the door. With tax and delivery it's a $5300 sofa. :(

The same store has a Flexsteel that's our "runner up" choice and should come in right on budget.

Great that the Flexsteel will work for you!

Some stores will negotiate and others won't. It kind of depends on where they start in pricing their furniture in the first place. If the store has a big mark up they have room to move a store with a small mark up will not move on price. Large retailers will geneally not negotiate and some manufacturers have pricing parameters.

Pricing restrictions imposed by manufacturers on retailers is a slippery slope as it can be considered restraint of trade.

Jerry Epperson an industry expert on the subject has written many articles on this topic.