|Last Quarterly Update:||3/13/2017|
|SIC Codes:||5021, 5023, 5712, 5713, 5714, 5719|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry sell new furniture, home furnishings, and floor coverings. Major companies include Ashley Furniture, Bed Bath & Beyond, Haverty Furniture, La-Z-Boy, Pier 1 Imports, Rooms to Go, and Williams-Sonoma (all based in the US). International companies include DaVinci (China), HOLA Home Furnishing (Taiwan), Home Retail Group (UK), and IKEA (Sweden).
Globally, demand for furniture and home furnishings is growing in India, China, and countries in Eastern Europe that are undergoing rapid economic growth. US retailers as well as those based around the world are adding outlets in emerging markets.
The US home furniture and housewares stores industry includes about 52,000 establishments (single-location companies and units of multi-location companies) with annual revenue of about $105 billion.
Demand is driven by personal income and is tied to home sales. The profitability of stores depends on the right merchandising mix and marketing. Large companies have advantages in volume purchasing and breadth of product line. Small companies may thrive by focusing on a specific market segment and delivering superior service. The US industry is fragmented: the 50 largest companies generate about 45% of revenue.
Competition for operators of home furniture and housewares stores comes from multiple retail channels, including discount department stores, online-only retailers, and sellers of used furniture.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major product categories are furniture and sleep equipment (50%); flooring and floor coverings (15%); kitchenware and home furnishings (13%); and curtains, draperies, bed and table ...
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