Clint Engel — Furniture Today
\nHIGH POINT \u00e2\u20ac\u201d The nation’s largest furniture stores posted a 6.6% increase in sales last year, bettering all furniture stores as a whole during the toughest business climate in years.<\/p>\n
U.S. furniture, bedding and accessories sales for Furniture|Today\u00e2\u20ac\u2122s 27th annual Top 100 grew to $31.5 billion from nearly $29.5 billion for the same companies last year.
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\nThe growth rate topped that of all furniture stores, which posted a 6% gain to $63.9 billion, but the performance wasn\u00e2\u20ac\u2122t nearly as blistering as the 8.3% sales increase for the previous year\u00e2\u20ac\u2122s Top 100 companies. That beat the 4.1% gain for all furniture stores in 2012 by a wide margin.<\/p>\n
This year\u00e2\u20ac\u2122s Top 100 has a new No. 1 in Ashley Furniture HomeStores, the dedicated store network that\u00e2\u20ac\u2122s on a torrid growth path with a 32.8% increase in sales to $2.1 billion \u00e2\u20ac\u201d the first chain to top $2 billion \u00e2\u20ac\u201d at nearly 300 stores by the end of the year. It supplanted No. 2 Rooms To Go, which had held the top spot for five consecutive years and grew a more-than-respectable 10% this year to $1.76 billion.<\/p>\n
The Top 100 as a whole didn\u00e2\u20ac\u2122t gain any market share, holding steady at 55% \u00e2\u20ac\u201d while last year\u00e2\u20ac\u2122s group of Top 100 stores added two percentage points to grab a 56% market share from 54% the previous year. This year\u00e2\u20ac\u2122s holding pattern came despite opening more stores (a net 297 units) than last year\u00e2\u20ac\u2122s group.<\/p>\n
The results support a number of industry trends, including continuing consolidation, with the largest players getting even stronger, general tough economic times for industry with few signs of a letup and the relentless march of alternative distribution channels \u00e2\u20ac\u201d the Costcos and Wal-Marts of the world who must be snatching volume lost by smaller independents and not accounted for by big furniture stores.<\/p>\n","protected":false},"excerpt":{"rendered":"
Clint Engel — Furniture Today HIGH POINT \u00e2\u20ac\u201d The nation’s largest furniture stores posted a 6.6% increase in sales last year, bettering all furniture stores as a whole during the toughest business climate in years. U.S. furniture, bedding and accessories sales for Furniture|Today\u00e2\u20ac\u2122s 27th annual Top 100 grew to $31.5 billion from nearly $29.5 billion […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4124","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=4124"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4124\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=4124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=4124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=4124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}