– **Department of Commerce (DOC) releases furnishing retail segment statistics for March.**
– **Slight increase in revenue:** Furniture and home furnishing sales rose by 1.2% between February and March.
– **Year-on-year growth regardless of COVID-19 impact:** Compared to the same period last year (2020), this year observed an astonishing 5.9% increase in sales.
– **Striking resilience of the furniture industry:** Despite the unfavorable business climate during the pandemic, furniture market demonstrated impressive robustness.
– **E-commerce is booming:** Online furniture shopping showed significant growth, a trend expected to continue even after the pandemic.
– **Importance of local manufacturing:** The ongoing global disruption to supply chains highlighted the crucial role of local manufacturing for furniture businesses.
– **Fastest-growing categories:** Outdoor and office furniture witnessed the highest increase in demand, due to lifestyle changes brought about by the pandemic.
– **Sustainability trends:** Consumers are increasingly favoring environmentally friendly furniture, a trend that might shape the future of the industry.

Positive Outlook for Furnishings Retail Segment

A Boom Despite the Pandemic

March proved to be a promising month for the furnishing retail segment, according to statistics identified by the DOC.

Impressive Revenue Increase and Sustainable Trends Driving the Market

The furnishings retail sector has defied all odds in the face of a challenging business climate brought on by the pandemic. With a noted 1.2% sales increase from February to March and a staggering 5.9% year-on-year growth, it highlights the resilience and robust nature of this industry. Undeniably, a significant part of this success story is the surge in online furniture shopping, a trend that is likely to persist even beyond these pandemic times.

However, the ongoing disturbances to the global supply chains have underscored the importance and role of local manufacturing in ensuring business continuity for furniture retailers. The shifting consumer lifestyle changes have also boosted demand, particularly in categories such as outdoor and office furniture.

Moreover, an increasingly popular trend among conscious consumers is the demand for environmental-friendly furniture, which could very well steer the course of the industry’s future. This is an exciting time for the furniture market. One can only wait and see how the industry will adapts and evolves to these transformative trends.

orginial article https://www.furnituretoday.com/?p=315971

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