Wednesday, June 15, 2011

Little Recovery Seen In Furniture and Home Furnishing Sales

Have you wondered why business is so bad in the furniture and home furnishing's industry? Hf Business refers to an Atlantic Monthly article:
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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Conservatory Furniture said...

Really interesting trend on the graph. I wonder what seasonal element is taken into account? Does outside furniture (which is now on an uplift) feature within the results?

Mike Landfair said...

Source is the Census Bureau and it is seasonally adjusted. However, your comment indicates you might be bargaining or trying to find some way around the awful information. Is that true?

Ari Z said...

A contributing factor might be the cost associated with furniture. You have to buy new clothes sooner or later, as they wear out or you out grow them. Furniture, when taken care of, can last for years. Is it worth buying a new couch because you no longer like the pattern? When budgets got tight, people stopped spending when they felt like it and saved it for when they needed to.

bed furniture said...

I think the selling that achieved furniture business is not bad. But the business holder should do proper marketing for the improvement of furniture business.

Sliding Wardrobe Doors UK said...

Good Post,Thanks for kind information sharing with us.Selling the furniture is a good idea but if you want to buy the furniture then always buying for manufacture shops.