Home Furniture & Housewares Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/18/2017
SIC Codes: 5021, 5023, 5712, 5713, 5714, 5719
NAICS Codes: 442
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Home Furniture & Housewares Stores Industry Profile

Companies in this industry sell new furniture, home furnishings, and floor coverings. Major companies include Ashley Furniture, Bed Bath & Beyond, Haverty Furniture, La-Z-Boy, Pier 1 Imports, Rooms to Go, and Williams-Sonoma (all based in the US). International companies include DaVinci (China), HOLA Home Furnishing (Taiwan), Home Retail Group (UK), and IKEA (Sweden).

Globally, demand for furniture and home furnishings is growing in India, China, and countries in Eastern Europe that are undergoing rapid economic growth. US retailers as well as those based around the world are adding outlets in emerging markets.

The US home furniture and housewares stores industry includes about 52,000 establishments (single-location companies and units of multi-location companies) with annual revenue of about $105 billion.

COMPETITIVE LANDSCAPE

Demand is driven by personal income and is tied to home sales. The profitability of stores depends on the right merchandising mix and marketing. Large companies have advantages in volume purchasing and breadth of product line. Small companies may thrive by focusing on a specific market segment and delivering superior service. The US industry is fragmented: the 50 largest companies generate about 45% of revenue.

Competition for operators of home furniture and housewares stores comes from multiple retail channels, including discount department stores, online-only retailers, and sellers of used furniture.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major product categories are furniture and sleep equipment (50%); flooring and floor coverings (15%); kitchenware and home furnishings (13%); and curtains, draperies, bed and table ...

 
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