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.
Mattress industry sales totaled $3.81 billion in the fourth quarter, a 2.4% increase over the same quarter in 2018, according to preliminary estimates from Impact Consulting Services’ proprietary industry model.
Continuing the slowdown, new orders in November 2019 fell 5% from November 2018 and down 2% year-to-date, according to a report by the Smith Leonard accounting and consulting firm.
In what’s considered by many as the ‘Retail Apocalypse,’ retail store closings in 2019 are on pace to exceed closings in 2018, according to the most recent data from the U.S. Census Bureau’s Statistics of U.S. Business.
A decade after the Great Recession, housing starts are failing to keep up with demand, according to data from the U.S. Census Bureau’s Department of Housing and Urban Development.