Fast Fact: Furniture Store Closings Jumped 75.6% from 2011 to 2012

January 27, 2020  by Laurie Northington in Business Strategy, Industry   

Although hit hard by the Great Recession, furniture and home furnishings stores had a surge in new store openings from 2011 to 2012. New furniture store openings jumped by 64.6%, while new home furnishings store openings increased by 20.9%.

Unfortunately, 2012 also saw the highest number of new furniture and home furnishings store closings. Furniture store closings skyrocketed 75.6%, while home furnishings store closings increased by 33.8%.

For a closer look at the numbers, click here.