Industry Sales by Quarter : 2010 Q1 to 2017Q1: Furniture & Bedding
The furniture and bedding slowed a bit last year, growing a revised 3.2 percent over 2015. In the first quarter of this year, the industry took what’s become its traditional first quarter dip with sales falling 1.2 percent over the previous fourth quarter, but up 3.0 percent over the same quarter last year, 2016Q1. Revised 2016 year end furniture and bedding sales totaled $96.33 billion. First quarter 2017 industry sales reached $24.16 billion.
Furniture (excluding Bedding) in the first quarter increased 3.1 percent compared to the same quarter in 2016 totaling $20.63 billion. Compared to the fourth quarter of 2016, furniture sales fell 2.4 percent. Last year, furniture (excluding bedding) totaled $82.26 billion, up 3.4 percent over 2015.
The Bedding industry finished 2016 a disappointing 1.8 percent growth over 2015. In the first quarter of 2017, bedding sales were up 2.4 percent over the same first quarter of last year and up 6.5 percent over the previous fourth quarter. The fourth quarter is traditionally bedding lowest sales volume segment. Bedding sales (revised) totaled $14.08 billion last year and $3.53 billion 2017Q1.
Quarter-over-quarter growth shows the slowing of the industry in 2016. The first quarter of this year, however, perked up slightly growing 3.0 percent over the same first quarter last year. Furniture and bedding sales totaled $24.16 billion in the first quarter compared to $23.45 billion in 2016Q1.
The first quarter is typically the industry’s smallest volume period and compared to the previous fourth quarter, 2017Q1 sales were down 1.2 percent.
Furniture (excluding Bedding) increased 3.1 percent in 2017Q1 versus the same first quarter of 2016 with sales of $20.63 billion.
Bedding quarter-over-quarter sales totaled $3.53 billion, up 2.4 percent over first quarter of 2015.
Year-to-date industry sales in the first quarter of 2017 totaled $24.16 billion, an increase of 3.0 percent over the same period last year.
Source: Impact Consulting Services, Inc. industry model 2016 sales have been slightly revised