Research / Analysis
Sales at furniture and home furnishings stores increased 1.7% from September a year ago, well below the broad retail sector’s 4.7% gain, according to the latest U.S. Department of Commerce report. More
August imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and they remain at unusually high levels this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. More
New orders for furniture rose 11% in July compared with the same month last year according to the latest Furniture Insights survey of residential furniture manufacturers and distributors from accounting and consulting firm Smith Leonard. More
News From The Web
- Furniture/Today Editor in chief Bill McLoughlin shares details of F/T's recent trip to Turkey, including that country's plan to dramatically increase furniture exports to the U.S. In the coming years.
Furniture Factory 4.0
If you missed our recent webcast with Lectra on what the furniture factory of the future will look like, then you can click here to watch the recorded version. Topics include what trends and challenges are affecting furniture factories in the US & Worldwide and how these challenges are changing furniture production.
MOST VIEWED ARTICLES
August 1, 2017Havertys posted record second quarter earnings this week while sales edged up slightly. Here are some key takeaways from the follow-up earnings call with analysts. Making the most of less traffic. President, Chairman and CEO Clarence Smith made it clear that Havertys hasn’t seen a change in the industry-wide trend of declining physical store traffic. But the company is doing a better job of closing those who do make the trip and boosting its average ticket. In the second quarter, both closing rate and average ticket increased about 3% (the company has indicated before that its average ticket is ...
February 24, 2017The common axiom of the furniture business is that housing activity drives furniture sales. When the housing bubble burst in 2008, the furniture industry suffered near catastrophic setbacks, and the uneven recovery of the housing business since then has been a contributing factor in the furniture industry’s inconsistent recovery. There was good news in January as purchases of previously owned homes were up 3.3% and overall home sales hit their highest levels since 2007. However, the combination of low housing inventories and rising mortgage rates are serving as a brake on momentum, and expectations are that interest rates ...
Sourcing Strategies by Tom Russell
February 10, 2017Reading all the headlines about the threat of tariffs on foreign made goods — China, Mexico or otherwise — got me thinking about what the furniture industry was like before I joined Furniture Today in 2003. Back then, the industry was undergoing one of the biggest shifts it had experienced since it moved from the Grand Rapids region of Michigan to the South in the early- to mid-20th century. Fast forward to the early 2000s, and China had not only become the largest source for imported furniture, but it was also a factor responsible for the shuttering of many U.S. furniture ...
- Southern California Furniture & Accessory Market
November 9, 2017 - November 10, 2017
Long Beach Convention Center
Long Beach, California, US
- Furniture Today Leadership Conference
November 28, 2017 - November 30, 2017
Four Seasons Resort
Orlando, Florida, US
- Showtime Fabric Fair
December 3, 2017 - December 6, 2017
High Point, N.C.