• Clint Engel

November furniture store sales jump 4.1%

WASHINGTON — November sales for furniture and home furnishings retailers jumped 4.1% from the same month last year and were up 0.7% from the month before, slightly outperforming overall retail sales.

Sales at furniture and home furnishings stores totaled an estimated $9.26 billion, up from a revised $8.9 billion in November 2015, the U.S. Department of Commerce reported. Home furnishings sector sales for three months — September through November — were up 3.9% over the same period last year.

Total U.S. retail and food services sales increased 3.8% from November a year ago to $465.5 billion, and were nearly flat, up 0.1%, from a preliminary October sales estimate, the report said. The results came in below economist’s estimates, according to a Reuters report.

Retail trade sales increased 3.6% from a year ago.

Non-store retailers — primarily e-commerce and catalog businesses — continued to outperform all sectors on a year-over-year basis, posting an 11.9% sales increase over November last year and a 0.1% gain from the month before. Health and personal care stores saw the next best sales gain, up 6.2% from a year ago.

For the third consecutive month, department stores, a sub-category of general merchandise stores, were the biggest decliners with estimated sales decreasing 6.4% from November a year ago. Electronics and appliance stores had the next largest decrease with sales down 3.8%.

Clint EngelClint Engel | Senior Retail Editor, Furniture Today
cengel@furnituretoday.com

Please feel free to email or call me with all of your retail news and tips, including expansion news, successful merchandising and marketing strategies and anything else you would like to see covered by Furniture/Today.  Contact me directly at cengel@furnituretoday.com or 336-605-1129.

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