US EditionSpending cools in home furnishings; high-income households lead pullback in Q1 - Furniture Today
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Spending cools in home furnishings; high-income households lead pullback in Q1 - Furniture Today
NEW YORK – Most home furnishings retail channels experienced a year-over-year decline in consumer spending during the first three months of 2025. According to tracking data from Consumer Edge, only four channels (which it defines as “categories”) experienced growth compared to Q1 2024: kitchenware retailers, décor retailers, appliances/electronic retailers and rent-to-own home furnishings retailers. The findings are based on credit card and debi…
Spending cools in home furnishings – High-income households lead pullback in Q1
Fast Facts Overall spending at home furnishings retailers declined 5% in Q1 High-income households saw the steepest pullback in spend The kitchen, décor, appliances, and rent-to-own retail channels grew The mattress/bedding channel and diversified retailers such as Bed Bath & Beyond and Wayfair continued to underperform New York – Most home furnishings retail channels experienced a year-over-year decline in consumer spending during the first …
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