From Home Furnishing Business
Fast Fact: E-commerce Reaches 19% of Furniture Sales in 2017
E-commerce continues to rise in the furniture industry as many brick and mortar stores are searching for strategies to compete with giant online retailers.
Last year furniture and bedding sales by brick and mortar stores (non internet) totaled $83.1 billion compared to $19.7 billion e-commerce (all outlet types), and $2.3 billion from mail order houses, according to data from the U.S. Census Bureau and the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.
E-commerce jumped from 5.1 percent of sales in 2006 to 18.8 percent in 2017. Meanwhile, brick and mortar share of total sales fell from a 92.2 percent share to 79.0 percent – decreasing as the economy improved after 2009.
For an in-depth look at the data, click here.