UK Homewares Sector Report summary
September 2021
Period covered: Period covered: 1 – 28 August 2021
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 fell 00% YoY in August, but remained 7.8% above 2019’s equivalent pre-pandemic levels, according to Retail Economics.
The softening in Homewares demand also reflects the focus of many consumers shifting from home centricity to social activities since restrictions were lifted.
Online Household Goods sales rose by 00% YoY in August, accounting for 00% of total sales.
Since the start of the year, there have been over 1,000,000 residential property transactions in the UK (Jan-Aug), 42% higher than the 10-year average for this period
UK consumers who are buying a house this year are expecting to invest an average of £5270 on purchases for their new home, according to research by eBay.
However, supply chain constraints need to be overcome to meet this heightened demand. Retailers face challenges in maintaining stock levels due to supply chain bottlenecks from labour shortages, manufacturing backlogs and shipping delays.
Retail Economics research reveals that one in three consumers are currently facing difficulties in getting the goods they need.
As governments and businesses begin considering how to build back better after the pandemic, sustainability is set to play a major role.
Consumers are more mindful of their purchases, product sourcing and manufacturing materials, particularly younger shoppers.
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Wave in home movers presents opportunities for Homewares
Source: HMRC
