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."
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.