November home furnishings sales show uptick

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November home furnishings sales show uptick

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WASHINGTON — While November furniture and home furnishings sales were flat with October this year, the category was up 16.3% over its performance in November 2020, according to the U.S. Department of Commerce’s advance monthly estimates for retail sales.

Furniture and home furnishings sales came in at $13.268 billion in November. But adjusted for seasonal variation and for holiday and trading day difference, November sales for the category are estimated at $12.447 billion, virtually flat compared with October’s $12.446 billion.

Year-over-year, the category grew 16.3% from November 2020’s $11.187 billion. The three-month span that includes September, October and November was up 1.7% compared with the three-month span from June to August and up 14.2% compared with the September to November 2020 period.

The furniture and home furnishings segment were very much in line with the overall retail picture.

The DOC reported that the entire retail segment posted $649.339 billion for November, up 0.3% from October’s $633.897 billion and up 18.2% year over year.

Numerous categories posted numbers that exceeded the overall increase from October’s levels. Among them, gasoline stations were up 1.7%; food and beverage stores were up 1.3%; Sporting goods, hobby, musical instrument, & book stores were up 1.3%; and food and drinking places were up 1% over the previous month.

A number of categories were taking a dive from October to November: Electronics and appliance stores were down 4.6%, and general merchandise stores were down 1.2%, with the subcategory department stores down 5.4%.

The DOC’s advance estimates are based on a sub-sample of the U.S. Census Bureau’s full retail and food services sample. A stratified random sampling method is used to select approximately 5,500 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of more than 3 million retail and food services firms.

 



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Originally posted 2021-12-16 15:57:58.

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