Wells Fargo: Retail Competition in Home Furnishings to Step Up This Spring
April 8, 2013,
NEW YORK-Competition between retailers in the home furnishings category should intensify this spring, according to an analysis from Wells Fargo Equity Research.
According to a statement from the financial-services firm, several retailers will debut "significant new product lines" during this season, and promotions will continue. The analysis added that "category growth is quite healthy ... and could accelerate given expectations of mid- to high- single-digit growth in existing home sales during 2013 and 2014."
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ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.