From Home Furnishing Business
Fast Fact: Furniture Stores, Sales Per Store Jump 52.6% from 2009 to 2018
During the post-recession recovery period from 2012 forward, all furniture and home furnishings distribution channels grew in sales, despite store closings, with the exception of electronics and appliance stores and department stores, according to data from the U.S. Census Bureau.
The net effect, especially for furniture, is that even though industry sales slowed and stores shuttered, the ones left standing had higher sales and continued to increase their sales per store.
The average annual sales per store for furniture store fronts climbed steadily from $1.9 million in 2009 to $2.9 million in 2018 YTD – jumping 52.6 percent. Home centers have also benefited from the net effect, increasing their sales per store by 73.7 percent during the same time period, mostly likely as smaller stores have closed.
For a closer look at the numbers, click here.