Posted by Bouton Adalicia on Saturday, 2 November, 2019 23:53:51
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To paraphrase Mark Twain, "rumors of the death of brick and mortar retail are greatly exaggerated." Although e-commerce shopping continues to grow rapidly, brick-and-mortar stores are still holding up well versus online retail sites, as many people still prefer the in-store shopping experience where they can see and try out products before committing to a purchase.
With the growth of millennial consumers buying furniture, U.S. furniture manufacturers are moderately optimistic about the steady increase of new furniture sales in the coming years.The National Association of Realtors forecasts existing-home sales growth of 4% for the residential property market in 2018, which could, in turn, have a positive impact on the moderate furniture industry performance.
US Furniture Store Sales vs. Other Retail Sectors Index. Though US consumers value going online as a way to search and find information on products, furniture eCommerce is still in a nascent stage. Furniture eCommerce is growing fast in the US. However, there is still a gap between online product research and online furniture purchase.
Furniture Retail Market Trends and Statistics. Posted 26-04-2017 by Tim. The Furniture Retail Market is a vital part of the wider economy and an important indicator of trends in the wider consumer retail markets. Furniture Retail Sales 2016.
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