When shopping for furniture and home furnishing items, you may want to find a reputable store that offers the best prices. Home furnishing stores in Athens, TN, are family owned and operated. The Johnson Family has served the community since 1932. In addition to offering top-notch customer service, the store offers great prices for furniture, mattresses, and accessories. Whether you’re looking for new furniture or need to refresh your home’s look, Johnson Furniture Store can help.
The industry has enjoyed sustained growth in recent years, with HomeGoods and Floor & Decor stores reporting Yo2Y visits growth each month. Yo2Y visits to these stores grew by 7.3% and 2.8%, respectively, in January 2022. HomeGoods and Floor & Decor stores average a floor area of over 100,000 square feet. Both companies are booming, with millennials forming the majority of active consumers. This growth is expected to continue in the coming years.
Home furnishings sales are estimated to total $220 billion in the U.S., but online penetration is still less than ten percent. So, savvy retailers are expanding their offerings to capture market share. In an industry study, Fluid Inc. and Wells Fargo Securities analyzed the 14 largest home furnishing retailers to find out what they can do to gain a competitive edge in the home furnishing industry. These retailers compete with one another in seven key categories.
Furniture is often expensive, so a budget is essential. If possible, prioritize the furniture you really need, and then budget for the rest. The tips listed above will help you save money while purchasing furniture for your home. There are many ways to save money, including re-selling and buying pre-loved pieces. You don’t have to decorate around legacy pieces; family heirlooms can be found a new home in someone else’s home.
The industry has undergone a transformation in the last decade. The emergence of home superstores has made it possible for only a handful of large manufacturers to compete. This shift has resulted in a lack of choice for home furnishing consumers, despite the fact that most people prefer to buy furniture through a chain store. Home superstores have become a key growth channel, but older, traditional manufacturers are also suffering.