Home Furnishings Stores in Canada
In the five years to 2018, the Home Furnishings Stores industry experienced constrained growth. This is because the recession, reduced consumer confidence, a fragile housing market and slowed consumer spending all moderated industry revenue growth. Moreover, operators have come under strong competitive pressure from large discount and online retailers, which further tempered industry revenue and profitability. Nonetheless, in the five years to 2023, retailers will benefit from accelerating economic growth, which will lead to improved consumer confidence and spending.
Operators in this industry retail a range of home furnishing goods, including curtains, draperies, blinds, shades, cookware, glassware, dinnerware and decorative accessories. Merchandise is purchased from domestic (and in some cases international) manufacturers and wholesalers and then sold to consumers. Retailers that primarily operate as home furniture stores, used merchandise stores, electronic shopping outlets or mail-order houses are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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