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 Locations Chapter
Similar to most retail industries in the United States, the geographical spread of furniture stores closely reflects the distribution of population. In theory, the greater the number of residents, the stronger the demand will be for industry products. In 2015, IBISWorld estimates that establishments will be concentrated in the Southeast region, which captures the highest US population share.
Based on US Census Bureau data and IBISWorld estimates, the Southeast region is expected to account for about 26.1% of total establishments and 23.8% of industry revenue in 2015. In turn, population projections indicate that this region will also account for the largest share of the nation's population at 25.4%... purchase to read more