Home Furnishings

Home furnishings recorded only modest growth in 2020, albeit with strong performances seen in areas such as home office furniture, kitchen furniture, outdoor furniture and LED lamps. LED lamps and kitchen furniture were the fastest-growing categories…

The rate of growth in retail current value sales of home furnishings accelerated modestly during 2020. The economic shock of the pandemic, which led many local consumers to rein in their discretionary spending and postpone big-ticket purchases, in…

In 2020, home furnishings saw a decline in current value growth due to consumers becoming more cautious on how they were spending their money given the uncertainty of the pandemic. Although Swiss consumers spent more time at home in 2020, which drove…

Despite the closure of homewares and home furnishing stores in Q2 and part of Q3 2020, home furnishing saw strong demand from consumers who wanted to invest in their personal spaces. As consumers spent more time at home, there was a greater desire…

COVID-19 provided a boost to the rate of growth in retail current value sales of home furnishings to its highest level in seven years during 2020. The negative effect of the economic shock of the pandemic, which led some local consumers to postpone…

VAT in Turkey was reduced from 18% to 8% on 2 January 2020, which benefited home furnishings at the beginning of the year. However, as the COVID-19 pandemic emerged in March 2020, sales in this category saw a significant contraction. This was…

Following the outbreak of COVID-19, many consumers in South Korea switched to working or studying remotely in order to curb the spread of COVID-19 in the country. This shift in consumer lifestyles meant that homes around South Korea took on a new…

Home furnishings remained by far the biggest category within home and garden in 2020, accounting for nearly two thirds of value sales in this year. Although seeing slower growth than all other home and garden categories, overall home furnishings saw…

Home and garden benefitted from COVID-19 and none more so than home furnishings. The pandemic forced people to stay at home, leading consumers to revalue the home environment. However, there were certain products that benefitted more than others and…

Retail current value sales of home furnishings declined for the first time in more than a decade during 2020. The economic shock of the pandemic had a significant negative effect on consumer confidence. This led many local consumers to reduce their…

Home furnishings was initially negatively affected by mandated store closures in spring 2020. During this time, in-store purchases went down significantly in the Netherlands. However, there was a rebound after lockdown, that was driven by both online…

Home furnishing received an unexpected boost from COVID-19. The pandemic left people spending significant time at home, leading consumers to revalue the home environment and spend more money on home furnishings. Furthermore, as people were not able…

Prior to the COVID-19 pandemic, home furnishings continued to register strong positive sales growth. In particular, recent years have seen the product area benefit from the ongoing boom which has been seen in residential real estate markets across…

Home furnishings suffered a dramatic decline in 2020 as retailers and showrooms adjusted their business hours in support of the lockdown measures. Furniture stores were categorised as non-essential businesses and ordered to close temporarily.…

Prior to 2020, the annual rate of growth in retail current value sales of home furnishings had remained above 4% for more than a decade, but in the latter year, they plunged by almost 10%. Home furnishing retailers were forced to temporarily close…

Since the outbreak of COVID-19, the Singapore government recommended that consumers switch to work from home arrangements as much as possible in order to curb the spread of the COVID-19 virus in Singapore. This led to a sharp increase in demand for…

2020 was a poor year for the overall home furnishings category in Russia, even though people were staying home much more due to COVID-19. The situation for indoor furniture was far from simple in 2020. On the one hand, the year saw an increase in…

Romania boasts one of the highest home ownership rates in the world, and that encourages more frequent home decoration and redecoration projects. Indeed, owning their own home often prompts consumers to be more creative and inspires them to express…

Home furnishings registered an overall decline in retail current value sales in 2020. The economic effects of the Coronavirus (COVID-19) pandemic, such as rising unemployment and lower consumer disposable incomes and purchasing power, dampened the…

Home furnishings witnessed a marked decline in sales in 2020. This was largely attributable to the fact that restrictions imposed to limit the spread of COVID-19 led to the postponement of projects such as renovations and moving home. Furthermore,…