August retail sales show YOY increases for first time since February

Furniture and home furnishings store sales finally broke its five-month slump in August, posting year-over-year and month-over-month increases of 3.8% and 2.1%, respectively.

In total, furniture and home furnishings store sales earned a projected $10.23 billion in the month of August. July’s adjusted $10.02 billion total is up from a previously reported $9.82 billion total for the month, according to the U.S. Department of Commerce report released today.

In furniture home furnishings, several factors could have kept the sector from increasing significantly in August, including a lack of major retail holidays that would have helped drive customers to stores. Additionally, ongoing COVID-19 safety concerns, issues with keeping product in stock at retailers and an increased focus on the upcoming election cycle all made selling more difficult, much like in July, which saw similarly flat numbers.

Advance estimates of U.S. retail and food services sales for August 2020 were comparable to July’s relatively flat results, too. Initial results say that overall sales hit $537.53 billion, an increase of 0.6% from the previous month and 2.6% year-over-year. Retail trade sales were up 0.1% percent from the previous month, and 5.1%  above the same month last year for a total of $482.88 billion.

Moe’s expands showroom for October High Point Market

Full line wholesaler and retailer Moe’s Home Collection will be in a new showroom for October’s High Point Market.

This move comes on the heels of the opening of its American flagship location in Seattle, ongoing success with its Digital Market webinars and virtual showroom, and the launching of its new, fully transactional B2B website.

“Being a lifestyle brand & product-focused company, we are always excited to bring hundreds of new products & our collections to High Point,” said Moe Samieian Jr., president of wholesale. “Now, we are even more excited with our move into a larger showroom that allows even more opportunity to stage the products.”

Around 50% larger than its previous showroom with more than 15,000 square feet, Moe’s new space is situated right by the escalators at IHFC C302. Fall’s High Point Market will be the company’s third home furnishings show in 2020, having also attended Las Vegas in January and August.

“Not only are we excited that the growth of our company required us to get a bigger space to showcase our products properly, but this new, larger showroom hosts a premium location for us to display to a wider audience,” said Seth King, vice president

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