A robust December pulled furniture and bedding sales up in the fourth quarter of 2017 to $27.25 billion, a 6.3 percent jump above 2016 Q4. For the year, 2017 total industry sales continued a steady climb of 3.86 percent over 2016 reaching $105.19 billion.
Furniture (excluding Bedding) in the fourth quarter increased 6.5 percent versus the same quarter in 2016 totaling $23.56 billion. Compared to the third quarter of 2017, furniture sales grew 5.4 percent. Year end furniture sales excluding bedding reached $89.77 billion, up 4.1 percent over 2016.
Industry sales for Bedding are preliminary for the year as data is mixed. Initial estimates of $3.69 billion put 2017 Q4 sales up 5.3 percent over 2016 Q4. Compared to the previous third quarter of 2017, sales are down 12.2 percent reflecting Bedding’s seasonality. Preliminary year end sales total $15.42 billion up 2.7 percent over 2016.
The fourth quarter in 2017 saw the largest quarter over quarter growth in seven quarters for furniture and bedding. Industry sales of $27.25 billion reflects an increase of 6.3 percent over 2016 Q4. Compared to the previous 2017 Q3, Q4 sales are up 2.7 percent.
Furniture (excluding Bedding) increased 6.5 percent in 2017 Q4 versus the same fourth quarter of 2016 with sales of $23.56 billion. This figure is up 5.4 percent comparing 2017 Q4 to the previous 2017 Q3.
Bedding sales are still under review, but preliminary results show 2017 Q4 Bedding at $3.69 billion, up 5.3 percent over third quarter last year and down 12.2 percent over the previous 2016 Q4. The fourth quarter typically shows a seasonal decline over Q3.
The third quarter is typically the Bedding’s industry’s highest volume period each year. Bedding sales climbed to $4.04 billion 2017 Q3, an increase of 4.8 percent over the same third quarter last year. Growth compared to the previous Q2 of this year reached 10 percent reflecting the increased third quarter volume. Year-to-date, the third quarter is up 3.8 percent over the first three quarters of 2016 totaling $11.34 billion.
The slow but steady growth in the Bedding industry this year is reflected in the quarter over quarter increases. In the third quarter of this year, bedding picked up some steam finishing 4.8 percent over the same quarter last year, 2016 Q3.
Third quarter 2017 year-to-date bedding sales totaled $11.37 billion, up 3.8 percent over the same period last year.
Source: Impact Consulting Services, Inc. industry model 2017 Q1 and Q2 results been revised.