Furniture Buying Trends - 2013
This remained a dominant category, with 5.5 million households planning to purchase bedroom sets in 2013.
There was a rising demand for "problem-solving" furniture, such as modular sofas , storage beds, and multifunctional pieces that maximized space. furniture buying trends 2013
Retailers like Art Van Furniture saw growth by targeting mid-to-upper-middle-income shoppers ready to spend discretionary dollars on "step-up" luxury goods. This remained a dominant category, with 5
High-income households accounted for 29% of total retail dollars spent ($24.4 billion), typically spending twice as much on items like master bedroom furniture and bedding than non-affluent buyers. High-income households accounted for 29% of total retail
Despite growth, about 34% of consumers postponed furniture purchases in 2013 due to lower household income, while 33% waited for sales. Trending Product Categories
To drive value, manufacturers introduced new categories like outdoor lighting and art , noting that new accessories often became immediate best-sellers. Retail & Manufacturing Shifts Affluent Consumers Are High on Quality Product
Identified as prime "master bedroom" prospects, this generation of roughly 65 million people began heavily designing their own personal spaces in 2013.