Home Furnishings Stores in Canada
Over the five years to 2019, the Home Furnishings Stores industry in Canada has, for the most part, performed well. The combination of the economic recovery, increasing consumer spending and overall strong housing market increased demand for home furnishings. Industry operators have had to endure substantial external competition. Large discount department stores and supercentres have been able to offer customers both lower prices and a diverse product selection beyond home furnishings. While economic growth during the outlook period will likely not match the accelerated economic growth experienced during the beginning of the period, housing market concerns will likely dissipate.
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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