Originally published in the May 9, 2016 print issue of Furniture Today
Although consumer spending on furniture and bedding was up a modest 3.9% in 2015, most companies on Furniture/Today’s Key Sources for the U.S. Furniture Market performed considerably better.
Collectively, the 19 companies on the list had U.S. sales of $11.4 billion last year, a 10% increase from 2014, and only five had sales growth that was below the consumer spending increase.
Eight had double-digit U.S. sales gains, paced by the 32% jump at American Furniture Mfg., a Mississippi-based promotional upholstery producer. But the industry’s largest company, by far, again was Ashley Furniture Inds.
Furniture/Today’s listing of the Key Sources for the U.S. Furniture Market ranks companies according to 2015 furniture shipments to the United States. Sources must sell into the U.S. market, regardless of whether they have manufacturing, assembling operations or corporate offices in the U.S.
Non-furniture and non-manufacturing revenues, such as investment income and retail revenues, are excluded for purposes of
the ranking. Contract furniture revenues are included in the figures, because many companies do not report them separately from residential revenues.
A total revenue figure is included in the notes for those companies that have revenues outside these categories and for those that sell outside the United States.
All figures are Furniture/Today market research estimates. All figures are for the 12 months ended Dec. 31, 2015 and 2014, unless otherwise indicated.
This listing is by no means comprehensive and does not represent the entire industry. More than those furniture sources listed are vital companies within the industry. Furniture/Today chooses not to include some companies due to lack of verification of shipment figures.
This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of Progressive Business Media.
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