Industry Sales by Quarter 2011 Q3 to 2018 Q3 Furniture & Bedding
2018 by Laurie Northington in General
Despite the ongoing disruptions in the Bedding industry, the total industry (furniture and bedding) continued steady and good growth in the third quarter pushing sales up 7.5 percent over 2017 Q3. Third quarter sales reached $28.54 billion. Compared to the last quarter, 2018 Q2, the third quarter was up 1.4 percent. Retail furniture stores appear to be leading the surge this year posting 8.1 percent year-to-date growth over 2017 through three quarters.
Furniture (excluding Bedding) in the third quarter grew 8.2 percent in versus the same quarter in 2017 totaling $24.4 billion. Compared to last quarter, 2018 Q2, growth was flat.
As the Bedding industry attempts to steady itself with the demise of Mattress Firm, third quarter sales grew in the neighborhood of 3.5 percent compared to the same quarter last year, totaling $4.14 billion. This number is up 10.2 percent over the last quarter, 2018 Q2, signaling Bedding’s typical third quarter cyclical rise in sales.
As shown in the graphic, until the fourth quarter of last year, quarter over quarter growth had been under 3.5 percent for the preceding five quarters throughout 2016 and the first three quarters of 2017. Since that time, the industry has picked up steam, with the third quarter growth this year of 7.5 percent adding to the momentum.
Furniture (excluding Bedding) increased 8.2 percent in 2018 Q3 versus the same quarter in 2017 with sales of $24.4 billion.
Bedding sales are still under review, but preliminary results show 2018 Q3 Bedding at $4.14 billion, up 3.5 percent over the same Q3 of 2017.
Source: Impact Consulting Services, Inc. industry model Note: 2018q2 has been revised.