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UK Furniture & Flooring Sector Report | Trends & Data

July 2022

What's included in this report?

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

UK Furniture & Flooring Sector Report : July 2022

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Report Summary

Period covered: 03 April – 30 April 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.

Furniture & Flooring sales contracted by 00% year-on-year in April against a huge increase of 00% a year ago, according to the Retail Economics Retail Sales Index.

This month’s weak reading was distorted by the strong performance recorded last year as it coincided with the lifting of restrictions of the third national lockdown which saw consumers release pent-up demand on products like...

When compared to pre-pandemic levels, this category has not yet fully recovered – with this month reading falling short by 00% on April’s 2019 spending levels.

Total Retail sales growth continues to slow

UK total retail sales growth came in at 00% YoY in April, according to Retail Economics. This was the fourth consecutive year-on-year decline in spending, and the lowest growth rates recorded since...

Since January, total retail sales are being squeezed due to a combination of falling demand, rising inflation, rising costs and persistent supply chain disruptions.

However, with the pandemic behind us, consumers are getting closer to experiencing their first summer in three years without any covid restrictions, which all things being equal, would see pent up demand released across…

Encouragingly, a festive Easter period coupled with sunny weather helped sustain footfall levels in April, despite slipping by 0.6pp on last month’s reading. However, Springboard suggest sales in bricks-and-mortar stores remained…  

Housing market resists economic challenges

The RICS UK Residential Survey for April shows a net balance of +10% of agents noted a rise in new buyer enquiries, similar to the rise last month.

UK house prices rose 10.8% YoY in April (Halifax). Average house prices reach a new record high of £286,079. Over the next twelve months, we expect both house prices and rental prices to keep rising.

Elsewhere, house prices rose for the 10th consecutive month in April (+00% 00), the longest run of monthly rises since 2016. Prices continue to be driven higher by an imbalance between demand and supply with growing buyer demand outweighing relatively low housing stock.

Difficult macro environment

Gfk consumer confidence fell to its lowest levels on record, falling two points to -00 in May. This was fuelled by the continuous increase in household energy prices, deepening cost of living, a rise in national insurance contributions and the persisting Russia-Ukraine conflict. 

Similarly, the Major purchases index fell by 8 points from March, to -00 in April. Big ticket items have been hit hardest, as consumers control spending on furniture, electricals and other homewares; compounded by delays on goods coming from China.

In addition, warning of a possible recession, the Bank of England predicts inflation to reach more than 00% this year, as a result of rising commodity prices, transport costs, labour shortages, delays at ports, and global geo-political instabilities.

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UK House Prices reaches new record highs

Source: Halifax, IHS Markit

Latest monthly UK Furniture & Flooring Sector Report

Report: April 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... read more
Report: March 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... read more
Report: February 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... read more
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Report Contents

UK Furniture & Flooring Sector Report Report
  • Executive Summary
  • Sector analysis
  • Furniture and Flooring - Retail Economics Index
  • Macro Factors
  • Mortgages and Savings
  • Credit and Borrowing
  • Household Spending
  • Consumers
  • Footfall
  • Labour market
  • Earnings
  • Costs, Prices and Margins
  • Weather Watch
  • Average Temperature
  • Average sunshine hours
  • Average Rainfall

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About our reports and subscriptions

Retail Economics publishes monthly Retail Sector Reports for the UK Furniture and Flooring sector giving you actionable insights for your business.

It provides in-depth analysis of the latest macroeconomic and consumer trends affecting the Furniture and Flooring sector including market size estimates for: Living Room Furniture, Bedroom Furniture, Flooring, Bathroom and more.

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