The furniture retailing industry is one of the fastest-growing segments in Australia and it includes companies that deal with indoor and outdoor furniture, blinds, awnings, mattresses and more. Both franchised and company-owned stores belong to this industry, as well as the online furniture stores which greatly contribute to the total revenue. If you are involved in the furniture industry, it is very important to be up to date with the latest industry statistics and trends, to be able to identify the exact needs of the customers and increase your profitability.
Furniture retailers have been dealing with a quite challenging market over the past few years, with an annual revenue growth of only 1.4%. The trading conditions of the indoor and outdoor furniture industry have been affected by the instability of the financial markets over the world, leading to uncertainty in consumer attitude. Despite the slight growth in the revenue over the years, the demand for indoor and outdoor furniture has remained low, because the consumers have had concerns about high household debts. Hence, industry expert predict that by the end of 2015, the industry revenue to be $8 billion.
The nature of the furniture industry is also evident through the extended product range, which is diverse, well developed and has reached record-levels. Today, industry retailers operate on many different household categories: dining, bedroom, lounge, kitchen and outdoor spaces.
Do you need a multifunctional piece of furniture for your living room? Maybe something that not only gives more room for storage and display but also serves as an aesthetic anchor for the whole space? When it comes to providing … Continued
Beloved for its warmth and lasting appeal, wooden furniture holds a special place in homes. But what also makes wood captivating is its ability to reinvent itself, appearing in different colours, shapes, and finishes over time. This keeps wooden furniture … Continued
Ever notice how just one piece of furniture can completely change the feel of a room? Add the right table or a new chair, and suddenly the space feels fresh and more “you”.
When it comes to bedroom furniture, the bed often steals the spotlight. But tucked quietly beside it stands an equally essential piece, the bedside table. This compact companion doesn’t just hold your lamp or phone; it adds style, order and … Continued
Almost every home has a sofa, which is often the centrepiece of a living room, blending comfort and style. It’s often the first thing people notice, and it can set the mood for the rest of your interior design. That … Continued
