Today, we learned that retail sales fell for the first time since June 2010. But one retail sector is quite used to seeing sales decline, even as they have begun to grow in other industries. Furniture and home furnishing sales fell much farther than broader retail sales and have yet to meaningfully recover. Their path has been a brutal one.
The chart shows that sales of home furnishings peaked in 2007. Interestingly, that's when Landfair Furniture + Design Gallery moved to the Pearl Design Center. We hear from lots of designers and we know it's tough out there.
The article goes on to say that home furnishings are geared to home sales and recent Case-Shiller statistics don't show any pick up in home sales. That means "...since they aren't expected to rise again anytime soon, we shouldn't expect much sunnier days for furniture sales in the near- to medium-term either."
Bev & Mike
Landfair Furniture + Design gallery
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