This industry profile provides a five-year forecast for Canada’s Furniture and Appliance Stores Industry.
Canadian Industrial Profile: Furniture and Appliance Stores—Autumn 2016
Canadian Industrial Profile: Furniture and Appliance Stores—Autumn 2016
Industry Economic Analysis
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- Consumer Confidence—Fragile consumer confidence will dampen the outlook for Canadian furniture and appliance retailers as some consumers delay major purchases.
- Brick to Click—Although furniture and household appliances remain items that are purchased in-store, strong growth in online sales highlights how e-commerce has the potential to upset the traditional consumer model.
- Pricing Power—The weakness in the Canadian dollar continues to hurt retailers that rely on selling imported goods. This, and stiff industry competition, continue to put downward pressure on profit margins.
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