The furniture industry is one that has been experiencing a significant shift in how it gets product to market. Wholesaling is declining as a segment of the overall distribution of furniture in the United States. Retailers have also declined slightly in numbers but their sales have risen as has the number of people employed by furniture stores. This shows that there has been some consolidation of furniture stores. Worth noting is the fact that furniture sales benefitted from the housing boom, which ended in December 2007 when the recession began. effects of the recession are not visible in these data. The market size data presented here is for all furniture retailers which are covered as a group in the U.S. Census Bureau designated industry, NAICS 442 [Furniture and Home Furnishing Stores].
Geographic reference: United States
Year: 1997 and 2007
Market size: Number of Establishments: 64,725 and 64,590 respectively.
Market size: Sales: $71.7 and $107.8 Billion respectively.
Source: “Preliminary Comparative Statistics for the U.S. (2002 NAICS): 2007 and 2002,” 2007 Economic Census, available online here. The data from 1997 are from the 1997 Economic Census.
Original Source: U.S. Department of Commerce, Bureau of the Census.