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From Home Furnishing Business

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.

NRF Forecasts Retail Sales to Surpass $3.8 Trillion in 2019

The National Retail Federation (NRF) has forecasted that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.

Fast Fact: Housing Inventory Shortage, West Coast Hit the Hardest

Housing inventory shortages and rising home prices are being felt across the country – in states with the highest ratio of homes for sale and big cities with already tight inventory, according to data from the U.S. Census Bureau and Zillow Inventory Data.

Smith Leonard Survey: New Orders Up 7% in October

New orders in October 2018 rose 7% over October in 2017, according to Smith Leonard’s latest survey of residential furniture suppliers.

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