December 2017 Issue
With this issue, we celebrate those retailers that have achieved a significant presence within the markets they serve (market share).
Even though furniture industry sales are projected to grow by a modest 4.1% in 2018, retailers who made the prestigious Power 50 list compiled by Home Furnishings Business undoubtedly will be disappointed if they don’t exceed that growth rate by a wide margin.
The top 20 percent of all households make over half (52.8 percent) of all income and pay 78.5 percent of all taxes.
Rapidly changing consumer work patterns and even more rapidly changing technology are continuing to drive the home office category, despite the move toward designing homes with more open floor plans.
This is actually the third and final column in a trilogy addressing the fact that many of the newer, “alternate” distribution channels are taking significant market from the traditional channels, like independent furniture stores and others that previous generations chose to do business with for most of the latter part of the 20th century.
After selling his first sofa at age 15 in his parents’ grocery/hardware/furniture store in northern Minnesota, Larry Schneiderman knew he was in love with the furniture business and quickly immersed himself in the family-owned operation.
Published 12 times a year, Home Furnishings Business (HFB) is the only furniture industry trade publication dedicated to covering the business of furniture retail today. Home Furnishings Business is available in print or digital format and offers valuable strategies and intelligence for retailers who want to conduct a successful business today and tomorrow.