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.
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.
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.
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.
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.
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.
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.