Sales of homewares and home furnishings performed better in 2014. Consumers in the age group 25-35 with high annual disposable incomes started to prefer going to organised retailers to shop for furniture and furnishings. This was observed firstly as these stores are located on high streets or inside malls, and hence are very accessible to the urban consumer base. Secondly, homewares and home furnishing stores have everything under one roof, which makes it a very convenient channel for consumers.
Competitive Landscape
The competitive environment continued to be dominated by unorganised players in 2014, as most retailers are small players which can customise their products based on consumers’ requirements. This helped smaller players to retain share. Furthermore, these players provide home delivery at a minimum price, and also visit homes to repair/service, without charging exorbitant prices, which works in their favour.
Full Report Details at
- http://www.fastmr.com/prod/1015402_home_garden_specialist.aspx?afid=301
Industry Prospects
In the review period home and garden specialist retailers increased by a value CAGR of 1% at constant 2014 prices. It is expected to increase by a value CAGR of 3% at constant 2014 prices in the forecast period. An increase in growth is expected as more consumers in urban areas (including not only metropolitan areas, but also other cities) will shift towards organised retail, due to convenience and higher disposable incomes.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Retailing in the Netherlands
- Retailing in Hungary
- Retailing in Dominican Republic
- Retailing in Mexico
- Retailing in Kenya
Market Report, "Home and Garden Specialist Retailers in India", published
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001