Industry Analysis & Industry Trends
In the five years to 2015, the Home Furnishing Stores industry began to recover from the housing market collapse and recession. Declining per capita disposable income, falling consumer confidence and the collapse of the domestic housing market negatively affected revenue for industry operators. Moreover, the industry's decline was perpetuated by heightened internal and external competition, which further decreased industry profitability. Over the five years to 2020, however, the industry will experience better results. This is because continued economic improvements will likely boost overall consumer spending, encouraging increased consumption of home furnishing products. In addition, surges in home ownership levels are projected to drive demand further... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years to 2015, revenue for the Home Furnishing Stores industry is anticipated to increase, bolstered by rising per capita disposable income and the resurgence of the domestic housing market. However, the industry's success is expected to be inhibited by heightened external competition, which will likely hamper industry profitability. Nevertheless, industry revenue is expected to climb at an annualized 2.7% to $32.8 billion in the five years to 2015, with an estimated 1.5% jump in 2015 alone.
Demand trends higher despite potential threat
Demand for home furnishings has been slowly improving over the past five years... purchase to read more