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From Home Furnishing Business

Fast Fact: Housing Starts Struggle to Keep Up with Demand

Low housing inventories and rising home prices and rental rates are locking out new home buyers and stymieing moves at a time when the economy is growing and employment is high.

Fast Fact: Internet Sales, 8.6% of Total Retail Sales in 2017

Factoid 20181126Internet sales of all consumer products from all retail types of outlets, whether brick and mortar or e-commerce companies, are estimated to have reached $437.5 billion in 2017, according to data from the U.S. Census Bureau and the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.

Fast Fact: Furniture Industry, E-commerce Retailer Sales Skyrocket 486% in 11 Years

ffE-commerce retailers continue to rise in the furniture industry as many brick and mortar stores are searching for strategies to compete with giant online retailers.

Fast Fact: Brick and Mortar E-commerce, 1% of Total Sales

While the success of online retailing among brick and mortar merchants has increased over the years, the e-commerce sales comparison remains vast between brick and mortar stores and pure e-commerce retailers, according to data from the U.S. Census Bureau and the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.

Colaco Joins Pier 1, Chief Customer Officer

Pier 1 Imports, Inc. (NYSE: PIR) has announced Donna Noce Colaco as its new chief customer officer, effective Dec. 3.

Fast Fact: 3rd Quarter Mattress Sales Up 3.5% Over 2017

Mattress industry sales totaled $4.14 billion in the third quarter, a 3.5 percent increase over the same quarter in 2017, according to preliminary estimates from Impact Consulting Services’ proprietary model.

Fast Fact: E-commerce Reaches 19% of Furniture Sales in 2017

FastFactE-commerce continues to rise in the furniture industry as many brick and mortar stores are searching for strategies to compete with giant online retailers.

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