Industry Analysis & Industry Trends
While competition is expected to continue, rising consumer confidence, disposable income and home ownership levels are anticipated to lead to the industry's resurgence in the five years to 2018. In particular, the industry is projected to benefit from consumers seeking higher-quality products and customer service, thus allowing industry operators to gain a competitive edge over mass merchandisers who have for several years been squeezing them out of the industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Home Furnishing Stores industry is in the mature stage of its life cycle. Over the 10 years to 2018, industry value added, which measures the industry's contribution to GDP, is expected to increase at an annualized rate of 1.1%. This rate indicates that the industry will likely grow slower than the US economy, which is projected to increase at an average of 2.1% per year over the same 10-year period. Trends of industry consolidation and stable product market also indicate an industry in the mature stage of its life cycle.
Both the recession and a severe reduction in household expenditure have resulted in lost sales for many home-furnishing stores... purchase to read more