Daily News
From Home Furnishing Business
Fast Fact: E-commerce Growth Rate, Home Furnishings Surpass Furniture
October 22,
2018 by Laurie Northington in Business Strategy, Industry
Data from the U.S. Census Bureau and the proprietary market model from Impact Consulting, parent company of Home Furnishings Business shows that the total furniture and bedding industry grew 3.9 percent last year. It is estimated that brick and mortar store sales of furniture grew only 2 percent while e-commerce furniture retailer sales grew 12.9 percent after peaking at 26 percent in 2015.
Home furnishing products – floor covering, window treatments and home accessories – surpassed furniture in online sales, totaling $27.7 billion in 2017, as consumers are still finding it easier and less daunting to buy home furnishings online. Furniture e-commerce sales finished last year at $19.7 billion.
For a further look at the numbers, click here.