Industry Sales by Quarter: 2010 Q2 to 2017Q2 Furniture & Bedding
The furniture and bedding industry continued slow growth in the second quarter with sales up 2.14 percent over the same quarter last year. Combined furniture and bedding reached $24.48 billion in Q2, up from first quarter sales of $24.07 billion (1.68 percent growth).
Furniture (excluding Bedding) in the second quarter increased 2.11 percent compared to the same quarter in 2016 totaling $20.47 billion. Compared to the first quarter of this year, furniture sales grew a modest 1.76 percent. Year-to-date sales reached $41.3 billion, up 2.09 percent over the first two quarters of last year.
The Bedding industry has also slowed. In the second quarter of 2017, bedding sales were up 2.3 percent over the same quarter of last year and up only 1.25 percent over the previous 2017 Q1. Second quarter sales reached $3.65 billion with year-to-date sales totaling $7.25 billion, up 2.16 percent over the first two quarters of 2016.
Quarter-over-quarter growth shows the slowing of the industry beginning in the second quarter of last year and continuing through the second quarter of this year. In both the first and second quarters, industry sales grew 2.1 percent to $48.55 billion year-to-date. Q2 sales reached $24.48 billion compared to Q1 at $24.07 billion.
Furniture (excluding Bedding) increased 2.14 percent in 2017Q2 versus the same first quarter of 2016 with sales of $20.83 billion. This figure was up 1.68 percent over the same quarter last year
Bedding 2017 Q2 sales totaled $3.65 billion, up 2.3 percent over second quarter of 2016 and 1.25 percent over the previous first quarter of this year.
Source: Impact Consulting Services, Inc. industry model 2016 and 2017q1 results been revised.