Series Factoid #2: Distribution Channels: Percent of Total Years 2002, 2007, 2014
May 29,
2015 by in General
This is the second factoid in a series detailing the Furniture Industry’s Distribution Channels. Factoid #2 explores the changes of the percent of total distribution by each channel during years 2002, 2007, and 2014.
Furniture and Home Furnishing Stores: Still the primary source of Furniture sales, this traditional distribution channel has decreased it’s percent of total by a total of 8.1% from 2002 to 2014 – down to 64.5% in 2014 from 72.6% in 2002.
Electronic Shopping: While Furniture and Home Furnishing Stores decrease their hold on the Furniture Industry, Electronic Shopping is steadily gaining traction as a major distribution channel. Jumping from 2.8% in 2002 to 7.3% in 2007, Electronic Shopping finished out 2014 with 17.8% of the total distribution.
Warehouse Clubs and Supercenters: This channel increased it’s share of total distribution slightly from 2002 to 2014 – up from 3.6% to 4.0%.
General Merchandise Stores: After slightly increasing by 0.3% from 2002 to 2007, General Merchandise Stores grew by 1.1% in 2014 – accounting for 3.4% of total distribution.
Discount Department Stores: Dropping it’s percent of total by (-1.5)% from 2002 to 2007, this channel rebounded slightly with an increase of 0.2% in 2014 – decreasing 3.8% to 2.5% over the 12 year span.
Home Center and Other Building Materials: This channel decreased from 3.1% of total distribution in 2002 to 2.3% in 2007 and a minimal rise to 2.4% in 2014.
Department Stores: Decreasing by (-0.7)% from 2002 to 2007 and (-0.6)% from 2007 to 2014, Department stores was 1.8% of distribution in 2014.
All Other Retailers: In 2014, the remaining retailers dropped to 3.7% of distribution, after a decline from 8.9% in 2002 to 7.9% in 2007.
Source: Figures reflect data from the U.S. Census of Retail Trade issued every 5 years – 2002, 2007, and 2012. Figures for 2014 have been estimated by Impact Consulting Services’ furniture industry model.