From Home Furnishing Business
What Sells: The (Home) Office
When the home office can now be referred to as simply “the office” by the millions affected globally during the continued COVID-19 pandemic, it will come as no surprise that both retailers and manufacturers are seeing demands for the home office category surge. The many workers unprepared for this life altering event were left to scramble for solutions from sharing a dining room table with their children during their virtual lessons to clearing out an area of the home to set up a makeshift office. With no end in sight, these workers have made purchases in the category to fill their needs.
Based on a FurnitureCore, Inc. survey developed by Impact Consulting Services, parent company to Home Furnishings Business, 76.47% of consumers polled on what they feel is the primary factor that defines a home office is the activity performed there as opposed to the equipment or furnishings in the room at 23.53%. This finding coincides with the reality of blended spaces in the home being used for work, school, and the daily routines of life. According to Lisa Cody, SVP of marketing at Twin Star Home, the need for home furnishings expands beyond the obvious need for desks. “With the shift to most consumers working and learning at home, the spaces in their homes have become blended. The home office for many is also the dining room. The kitchen is also the classroom. We are seeing tremendous performance in not only home office furniture, like our adjustable height desk, but we are also seeing strong sales in home furnishings for other spaces in the home as well. We will continue to lean into creating furniture for home office to meet the needs of consumers.”
It is fair to note that there has been a swell of companies in recent years, even before the pandemic, leaning toward remote work given the numerous benefits: better productivity, reduced costs for employers, increased employee retention, and fewer gas emissions to name a few. According to Remote.co, a resource for businesses exploring remote work and best practices, this style of work has grown 91% in the last 10 years. Without doubt, the business demands that have arisen during the pandemic will drastically increase this statistic and the work from home movement will be here to stay. Eric Holmstead, Malouf national sales director, shares, “Since the pandemic has shifted so many people to a work-fromhome schedule, we’ve seen a huge increase in demand for office furniture. It’s clear that having a functional office space in the home will be essential moving forward.”
With the blended spaces in the home, it is more than likely that the entertainment area is steps away from the home office. In recent years, home owners have been embracing the viewfrom-home entertainment streaming options that began with Netflix and has grown exponentially.
Creating the ideal environment to view movies, binge entire seasons of shows, or cheer on a favorite sports team has become a focus for many consumers. Based on the same FurnitureCore, Inc. consumer survey, it was no surprise that 50% of consumers polled reported having a TV 55” or larger for prime views! These consumers want beautiful displays for their screens to match and storage solutions to complete the look of the room, which 87.50% reported is typically the living room or family room.
Read on to explore the bestselling home office and home entertainment solutions for today’s consumer.