FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_EMarketPreview

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

Fast Fact: Post Great Recession, Furniture Retail Stores Showing Signs of Stabilization 

In what’s considered by many as the ‘Retail Apocalypse,’ retail store closings in 2019 are on pace to exceed closings in 2018, according to the most recent data from the U.S. Census Bureau’s Statistics of U.S. Business.  

Although the shakeout from the recession continued through 2019, the stores left standing (existing stores) are showing signs of some stabilization. The number of furniture stores increasing employees or with stable employment increased from 54.7% of the total existing stores at the beginning of 2007 to 70.9% by 2016.

The percent of existing furniture stores that closed was almost cut in half in 2016 versus 2007 –  6.6% closed (2016) compared to 12.8% (2007), while the percentage of existing home furnishings stores that closed by year end has decreased from 11.5% in 2007 to 7.7% in 2016.

For an in-depth look at the data, click here.



Comments are closed.
Performance Groups
HFB Designer Weekly
HFBSChell I love HFB
HFB Got News
HFB Designer Weekly
LinkedIn