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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.

42nd CIFF Shanghai Tips Balance Sheet with All-Time High

Organized jointly by the China Foreign Trade Guangzhou Exhibition General Corporation (CFTE) and Red Star Macalline, these two furniture sector giants achieved new quality levels at CIFF Shanghai 2018. The exhibition gave international and Chinese operators new concepts of living and working, as well as new opportunities for acquiring information and doing business.

Fast Fact: Job Openings Across Major Industries, Midwest Vacancies Soar

Data from the Bureau of Labor Statistics supports the growing need facing companies to attract and retain employees, while adapting their training methods and introducing technology that fills the gap of a smaller workforce.

Fast Fact: U.S. Furniture Exports Decrease 7% in 2 years

The U.S. exports $1 in furniture products for every $10 in imported furniture. After rising over 45 percent from the recession (2009) to $3.4 billion in 2015, U.S. exports of household furniture have decreased by 7 percent in 2 years to $3.15 billion in 2017, according to data from the U.S. Census Bureau

Fast Fact: An In-Depth Look at Furniture Imports by Material Type

In recent years, growing wages, higher employment, a boost in consumer confidence and a healthy housing market have propelled import growth. The U.S. Census Bureau gives a breakdown of the major furniture imports by material type.

Fast Fact: Imports, Share of Wood Furniture Drops as Upholstery and Metal Rise 

Historically, wood products are the largest material category among furniture imports, but the share of upholstery and metal furniture imports is increasing yearly, according to data from the U.S. Census Bureau.

Williams-Sonoma Revenue Jumps 6.1% in 2nd Quarter

Despite profits declining 2.3%, retailer Williams-Sonoma (NYSE: WSM) said revenues jumped 6.1% to $1.28 billion in the second fiscal quarter. Overall, strong results from the first half of 2018 has caused the company to raise its full-year guidance. 

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