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UK Homewares Sector Report summary

February 2022

Period covered: Period covered: 02 January – 29 January 2022

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

Homewares Sales

Homewares sales stepped up by 00% YoY in January according to Retail Economics. Home-related retailers rebounded strongly against mandated store closures during lockdown last year.

Sales of homewares such as cooking goods and table accessories were supported by the government’s more relaxed stance to Omicron. Despite the resilient performance, demand was said to have eased over the course of the month, as the weather improved – tipped as the driest January for 15 years (Met Office).

Retailers in the category have been facing supply challenges. Certain key lines of homewares are typically manufactured in the Far East, which has exposed businesses to an eight-fold increase in container costs, changes to minimum wages in China and inputs such as textile costs surging 00% in January – its fastest rate since 00.

Spring bounce expected

The pressure on prices is set to persist if the housing market remains resilient in 2022. The number of house transactions in January at 00 sales edged just above pre-pandemic norms for the month.

A spring wave of house listings are expected. The number of market valuations – an indicator of future supply of homes for sale – was on the rise in January, with a net balance of 00% of UK estate agents reporting a rise in appraisals according to trade body RICS.

This has led a net balance of 00% of estate agents to expect sales volumes to rise over the next year.

But even with the prospect of more homes for sale, supply is ultimately coming from a low base. Buyers are struggling to find properties. As demand outstrips supply, UK house prices continue to surge, up by 00% YoY in January, or some £00, according to Halifax.

Homewares Outlook

Retail Economics forecasts Homewares to grow by 00% YoY in 2022, with sales reaching £00.

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Input costs driving price rises

Source: ONS, Retail Economics analysis

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UK Homewares Sector Report: August 2022

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  • Homewares Market Share - top 10 Homeware retailers
  • Homewares Market Size estimates by category (£m)
  • Sales Growth by category
  • Total Homewares Spending by category (£m)
  • Online Household Goods Sales (y-o-y)
  • Forecasts for 2021 - 2025
  • Footfall by channel and region
  • Regional Weather data and more…