May 4,
2016 by in Bedroom, Economic News, Industry, Product
London-based Technavio analysts expect the global bedroom furniture market to exceed $125 billion by 2020, growing at a compound annual growth rate (CAGR) of more than 3 percent during the forecast period.
May 2,
2016 by in Economic News, Industry
Furniture sales, totaling approximately $23 billion, were up 4.2 percent in the first quarter of 2016 compared to the first quarter of 2015.
April 25,
2016 by in Economic News, Industry
Furniture and floor coverings store closures were significant during the recession, and remaining locations also cut back on employees.
April 25,
2016 by in Economic News, Industry
According to the newly re-benchmarked Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, strongly accelerating growth in home improvement and repair spending is expected heading into 2017.
April 18,
2016 by in Economic News, Industry
The furniture and home furnishings industry lost 18 percent of its retail stores during the recession.
April 11,
2016 by in Economic News, Industry
The home furnishings industry lost 18 percent of its stores from 2007 to 2012, and another 3.6 percent since 2012.
April 4,
2016 by in Economic News, Industry
The Joint Center for Housing Statistics of Harvard University conducted a 10-year study that shows an increased percentage of seniors in the midst of or planning home remodeling projects to update homes as they age.