Industry Analysis & Industry Trends
Led by growing downstream demand, the industry is forecast to grow in the next five years. Rising consumer sentiment and household disposable incomes will encourage consumers to spend on industry items that they had delayed purchasing during the recession. In addition, rising import levels will likely strengthen the role of wholesalers as distributors; retailers will likely turn to wholesalers to restock their inventory with cheap imported goods... purchase to read more
Industry Report - Industry Analysis Chapter
The Home Furnishing Wholesaling industry has fought falling downstream demand over the past five years. Since home furnishings are often discretionary, low consumer confidence in the economy and reduced disposable income during the recession led to plummeting sales at the retail level. Consequently, stores purchased fewer goods from industry operators and wholesale demand declined. In the five years to 2013, revenue is expected to decline at an average annual rate of 2.1% to $48.0 billion.
Still, increased import penetration has allowed wholesalers to solidify their role as distributors in the supply chain. Moreover, demand for home furnishings is expected to pick up significantly in 2013, after several years of subdued growth following the end of the Great Recession... purchase to read more