Home Furnishings Stores in the US
Operators in the Home Furnishings Stores industry sell various home furnishing products, ranging from drapes and blankets to cookware and appliances. Over the five years to 2018, industry revenue is expected to rise as increasing disposable income and the strengthening housing market encourage consumers to release pent-up demand for new home furnishing products. Despite growth prospects for the industry, the number of enterprises is anticipated to decline over the five years to 2018. Industry operators are experiencing heightened competition, particularly from online channels and discount retail stores. Due to their relatively large size, discount retailers typically have purchasing power over upstream suppliers and are able to benefit from economies of scale. Over the five years to 2023, while competition is expected to intensify, improving economic conditions such as rising consumer confidence, disposable income and homeownership levels are anticipated to drive industry growth. In particular, the industry is projected to benefit from consumers seeking higher-quality products and customer service, enabling operators to gain a competitive advantage over large discount and online-only retailers that generally do not have the ability to provide similar services.
Operators in this industry retail a range of home furnishing goods, including curtains, draperies, blinds, shades, kitchenware, outdoor furniture, home and personal care appliances, floor coverings and decorative accessories. Merchandise is purchased from manufacturers and wholesalers and then sold to the public. Retailers that operate primarily as furniture stores, flooring stores or electronic shopping and 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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