Furniture Retailing - UK - July 2016
“There are many retail multiples, including Oak Furniture Land, DFS and ScS, which are growing sales of furniture, helped by a combination of new store openings and online developments. And many that began as online pureplays are discovering the value of opening shops as well. The lessons of the recent past illustrate that there is a ceiling on the number of stores a multiple can sustain. Also, retailers must continually focus their branding and price/value proposition in order to remain relevant to consumers. Although the market is buoyant at present, uncertainty hits big-ticket purchases fast so branding and marketing need to be robust in order to ride out the lows as well as the highs. Retailers must craft their image, shaping expectations of choice, styling and prices in order to attract customers and convince them of their relevance.
Online shopping has grown share of furniture retailing and has plenty of scope to grow. But shoppers want to complete the journey by judging items for themselves at a store. Today and in the future shoppers will spend less time in the shops and visit fewer stores, but will go shopping with a view to finalising the choices they have already screened out. To succeed in tomorrow’s furniture market retailers must create a compelling mix of great retail experiences which seamlessly work together to build a multichannel shopping experience.”
– Jane Westgarth, Senior Market Analyst, Mintel
This report answers the following questions:
- How is the rise of private renting influencing people’s purchasing patterns?
- How are consumer expectations of digital technology being catered for by retailers?
- What is the right balance of online vs in-store retailing?
This Report covers the retailing of the following types of furniture:
- Living and dining room furniture
- Bedroom furniture, including beds and mattresses
- Home office furniture.
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
Why buy from us?
Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.
Buy now and you'll have instant access to the information you need to make the right decisions.
Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.
A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.