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From Home Furnishing Business
Fast Fact: Furniture and Home Furnishings E-Commerce up 22% in 2018
March 2,
2020 by Laurie Northington in Business Strategy, Industry
E-commerce furniture and home furnishings websites continue to chip away at brick and mortar retailers, reporting a double-digit growth of 22% by the U.S. Census Bureau in 2018 compared to single-digit growth by other furniture and home furnishings retail channels.
In 2018, overall online/e-commerce retail purchases for all consumer products slowed, but still grew 3.6 times faster than all other retail channels.
At $269 billion in 2019 Q2, e-commerce growth is 5.9 times faster than the first half of 2018. Total retail sales increased by 5% from 2017 to 2018, compared to 14% for e-commerce.
Among different types of e-commerce retailers, online sales of furniture and home furnishings products was the third highest product category in sales at $48.7 billion – increasing 22.3% from 2016 to 2017.
For a closer look at the numbers, click here.