By Furniture Today Staff -- Furniture Today, February 23, 2003
U.S. households are planning to spend more than $3 billion on informal dining furniture this year, assuming they follow through with their buying plans. The median planned spending for the 3.8% of households planning to make a purchase is $400, less in the West and South.
Households with incomes of $100,000 or more account for only 12% of those planning to buy casual dining, but they plan to spend more than their lower income counterparts, a median of $600 for those in the $100,000 to $124,999 income range and a median of $750 for those earning $125,000 or more. If these households spend as planned, they will account for about 19% of casual dining spending.
Several groups plan to buy casual dining at a rate greater than their numbers in the population suggest. Among those with a high plan-to-buy index are under-25 households, who plan to buy at 2.5 times their presence in the population. Their median budget for their purchase is $200. Young singles are planning to buy at twice the rate of their numbers in the population, spending a median of $300. Renters have a plan-to-buy index of 153 — that is, they are 1.5 times as likely to be shopping for casual dining than their presence in the population. In all, renters make up 29% of those planning to make a casual dining purchase and plan to spend a median of $300.
Percent of households that...
Shopped for kitchen/dinette table, chairs in 2002
5.4%
Bought kitchen/dinette table, chairs in 2002
3.0%
Plan to buy kitchen/dinette table, chairs in 2003
3.8%
Income
% of the 3.0% of households that in 2002 bought
% of the 3.8% of households that in 2003 plan to buy
kitchen/dinette table, chairs
Under $20,000
15%
20%
$20,000 – $29,999
10%
12%
$30,000 – $39,999
10%
14%
$40,000 – $49,999
9%
10%
$50,000 – $59,999
9%
8%
$60,000 – $74,999
11%
11%
$75,000 – $84,999
7%
5%
$85,000 – $99,999
9%
8%
$100,000 – $124,999
10%
6%
$125,000 or more
10%
6%
Lifestage
% of the 3.0% of households that in 2002 bought
% of the 3.8% of households that in 2003 plan to buy
kitchen/dinette table, chairs
Young singles
4%
6%
Middle singles
8%
10%
Older singles
3%
4%
Young couples
10%
8%
Working older couples
17%
11%
Retired older couples
8%
7%
Young parents
18%
20%
Middle parents
12%
13%
Older parents
18%
19%
Roommates
2%
2%
Age
% of the 3.0% of households that bought in 2002
% of the 3.8% of households that plan to buy in 2003
kitchen/dinette table, chairs
Under 25
4%
5%
25–34
19%
23%
35–44
24%
26%
45–54
24%
22%
55–64
17%
13%
65 and over
12%
11%
Budgets for casual dining in 2003
% of households that plan to spend
Under $100
6%
$100–$199
13
$200–$299
17
$300–$499
14
$400–$499
9
$500–$599
15
$600–$999
11
$1,000–$1,499
9
$1,500 or more
6
Opportunity knocks
Percent of households in each region that plan to buy kitchen/dinette table, chairs in 2003
West
3.7%
Midwest
3.8%
South
3.7%
Northeast
4.2%
One-fifth of households planning to buy casual dining have never been married; another 21% are widowed, separated or divorced.
Nearly half of those planning to buy casual dining have incomes under $40,000.
Two-fifths of households shopping for casual dining plan to spend less than $500.
Apartment dwellers make up 16% of the households planning to buy casual dining; mobile home dwellers, another 7%.
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the...
more
NAPLES, Fla. — Industry executives and guests took the opportunity to network and play golf during down time at Furniture/Today's 13th annual Leadership Conference here this month.
VIEW ALL GALLERIES
