French furniture market contracts 2.9% in 2013 to €9.27B, with household furniture performing best, followed by home furnishings retail; upholstered furniture and mid-priced furniture retail lagged
April 8, 2014
(Industry Intelligence Inc.)
– The French domestic furniture market declined by 2.9% in value last year to €9.27 billion, reaching its lowest level since 2009, the IAFP Alliance reported on March 28.
According to the study by IPEA, the French institute that reports on the furniture industry’s performance, household furniture fared best, at €3.10 billion, followed by kitchen furniture, €2.36 billion, and upholstered furniture, €2.25 billion.
Home furniture retail also performed well, at €2.51 billion, though newer entrants to the French retail market, including Ikea, fell 4.2% to €2.11 billion. Mid-priced furniture retail, came in last at €1.03 billion, down 5.7% from 2012.
The decline in the furniture sector comes with poor performance in other sectors, such as clothing and automotive, which saw sharper drops.
The primary source of this article is the IAFP Alliance on March 28, 2014. Click here to view the primary's source's version of this article.