Furniture and home furnishings sales in the United States have slowly increased in recent years, but as always, it will take concentrated efforts to keep the momentum going. March sales domestically brought in $8.79B, up from 2015’s March revenue of $8.506B according to ycharts statistics.
Home furnishings stores must continue to offer styles that cater to the desires of their customers, especially as the country continues to recover from the housing market recession of 2007-2009 that devastated the home furnishings and real estate industries (see our earlier article, “Home Furnishings Industry Rebounding Says Economic Census”).
One approach involves capitalizing on the success of the tourism industry. As the economy rebuilds, travel and tourism — specifically domestic travel spending — have increased exponentially. According to a travel report from Statista, U.S. residents spent $802B traveling the states in 2015. Thus, identifying and utilizing the sentiments that draw people to popular domestic tourism destinations could increase sales to those wanting their interior designs to mimic their favorite vacation spots.