Industry Analysis & Industry Trends
The Furniture Stores industry is expected to start sitting up after some setbacks during the past five years. Like most retailers of household goods, the industry has been negatively impacted by lower home ownership, reduced disposable income and stronger external competition. Through 2018, higher disposable income and strong consumer sentiment will help boost demand for furniture. Also, as the level of home ownership rises, homeowners will purchase more household goods. At the same time, the industry will continue to experience growing competition from other outlets, such as department stores and mass merchandisers, which will offset some of the forecast industry growth... purchase to read more
Industry Report - Starting a New Business Chapter
Companies planning to enter this industry have been faced with a low barrier to entry during the past five years. The top four furniture stores in America represent about 12.3% of total industry revenue. While these retailers have built strong brands, there are also market opportunities for new entrants, as small and independent furniture stores generate about 50.0% of industry revenue with less than nine employees. The main barriers for new entrants are start-up costs, product saturation and established distribution networks.
Operators planning to enter this industry should consider the capital investment and costs associated with it... purchase to read more