Falling slightly below October levels, furniture sales continued its year-over-year climb in November, up for the month for the fourth month in a row.
Bringing in a total of $10.3 billion this month according advance estimates from the Department of Commerce’s monthly report on retail sales, furniture and home furnishings store sales were down 1.1% from October’s adjusted $10.4 billion total, not changed from last month’s report, and up 3.6% from November 2019. For the three month period of September-November, totals were up 10.3% year-over-year and down 0.8% when compared with June-August of this year.
The slight dip in furniture and home furnishings sales in November from October could be attributed to consumer holiday shopping trends. Normally taking place during the day of and week around November’s Black Friday retail holiday, research has indicated that many people opted not to shop traditional retail holidays this year out of concern over coronavirus safety in crowded stores, and many retailers obliged those concerns by elongating holiday sales into the months before and after those holidays.
The year-over-year growth may reflect ongoing consumer demand in the category and interest in home-related projects, also seen in building material and gardening equipment’s double-digit