FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_Custom

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

Smith Leonard: Furniture orders Down 3% in March

As somewhat expected, new orders dropped 3% in March from March 2018, according to a report by Smith Leonard accounting and consulting firm. This decline reduced year-to-date new orders to a flat rate for the full first quarter. 

Fast Fact: Renter-occupied Housing Units Jump 9.3% in 7 Years

Beginning with the Great Recession, the U.S. has seen a shift between homeowner and renters. Data from the U.S. Census Bureau’s 2017 American Community Survey shows renter-occupied housing is at its highest level in almost 50 years (36.2 percent of households) and up 9.3 percent 2010 to 2017. This compares to owner-occupied housing only increasing by 2.4 percent.

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.

Fast Fact: Furniture Stores, Closings <1% Annually Since 2012 

The U.S. became over-stored in many channels during the 1990’s and early 2000’s, resulting in many store fronts closing during and after the Great Recession, according to data from the U.S. Bureau of Labor Statistics

Fast Fact: Furniture Store Fronts Dropped 20%, 2007 to 2018

Over the last ten years, dramatic shifts in the furniture industry’s distribution channels has greatly affected retail in-store counts, according to data from the U.S. Bureau of Labor Statistics.

Fast Fact: Furniture Retail Stores Decline as Distribution Channels Shift 

The retail landscape has evolved over the last ten years and continues to shift as more brick and mortar stores shutter their doors amid a growing e-commerce industry. Dramatic shifts in the furniture industry’s distribution channels occurred in both sales and in-store counts, according to data from the U.S. Bureau of Labor Statistics.

Fast Fact: Mattress Industry Sales Up 2% in Q4

Mattress industry sales totaled $3.60 billion in the fourth quarter, a 2 percent jump over the same quarter in 2017, according to preliminary estimates from Impact Consulting Services’ proprietary industry model.

Performance Groups
HFB Subscribe
HFB Designer Weekly
HFB Designer Weekly