First Research US Industry Profile

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Furniture Stores
SIC Codes: 5712
NAICS Codes: 4421
Last Quarterly Update: 4/15/2019
Companies in this industry sell household furniture and mattresses to consumers. Major companies include Ashley Furniture Industries, Crate & Barrel, Raymour & Flanigan, RH (formerly Restoration Hardware), Rooms To Go, and Williams-Sonoma (all based in the US), as well as DaVinci (China), HOLA Home Furnishing (Taiwan), DFS (UK), and IKEA (Sweden).
Worldwide, furniture sales total more than $450 billion annually and are expected to grow about 5% each year through 2025, according to Grand View Research. Demand for furniture is expected to grow significantly in India, China, and parts of Eastern Europe.
The US furniture retailing industry includes about 23,300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $60 billion.
Competitive Landscape
Household furniture sales are closely linked to home sales; office furniture sales are linked to employment growth and new business formations. The profitability of furniture stores depends on merchandising and marketing. Large companies enjoy economies of scale in purchasing and distribution. Small companies can compete effectively by specializing. The US industry is fragmented: the 50 largest companies generate about 45% of revenue.
Furniture retailing is highly competitive and includes local furniture stores, regional furniture retailers, national department store operators, mass merchandisers, single-vendor branded retailers, and catalog and internet merchants. Online furniture retailers, in particular, are gaining market share at the expense of brick-and-mortar stores as consumer purchasing habits shift toward e-commerce.
Products, Operations & Technology
A typical furniture store sells living room, dining room, kitchen, and bedroom furniture, along with mattresses. Products are sometimes classified as "case ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/14/2019
10/08/2018
07/09/2018
04/16/2018
01/15/2018
10/09/2017
07/10/2017
04/03/2017
01/02/2017
09/26/2016
06/27/2016
03/28/2016
12/21/2015
09/28/2015
06/29/2015
03/30/2015
12/22/2014
09/29/2014
07/07/2014
04/14/2014
01/20/2014
10/14/2013
07/22/2013
04/29/2013
02/04/2013
10/15/2012
07/30/2012
05/07/2012
02/06/2012
10/24/2011
07/25/2011
04/11/2011
01/03/2011
10/04/2010
06/28/2010
03/29/2010