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Home Furnishings Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Furnishings Stores Market Research Report | NAICS 44229 | Mar 2014

Harvest table: Rising per capita disposable income and growing homeownership will boost revenue

IBISWorld’s Home Furnishings Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 09-14
1.9%
Annual Growth 14-19
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Profit
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Employment
181,116
Businesses
25,976
Industry Analysis & Industry Trends

In the five years to 2014, 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 2019, 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 - Starting a New Business Chapter

New operators planning to enter home furnishing industry will need to overcome a number of barriers. The most significant of these will be the level of external competition placed on the industry by discount department stores. These larger operators benefit from economies of size and scope, meaning they can purchase a wide variety of merchandise, often at discounted prices. Hence, they are then able to pass on these cost savings to consumers via lower product prices, without effectively reducing their profit margins. Similar strategies are implemented by the industry's major players such as Bed Bath & Beyond, whose size allows it significant buying power to achieve lower unit costs and access to exclusive product agreements with manufacturers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Home Furnishings Stores Industry?

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.

Industry Products
Kitchen and cookwareWindow coveringsTextile productsDecorative accessories and seasonal decorationsFurnitureOther furnishings
 
Industry Activities
Retailing kitchenwareRetailing curtains, draperies, slipcovers, vertical and horizontal blindsRetailing towels, sheets, blankets and table linensRetailing decorative accessoriesRetailing outdoor and patio furnitureRetailing small electric/personal care appliances Retailing soft-surface floor covering


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