Online furniture and bedding sales top $500 billion, up 13.4%

HIGH POINT — In 2018, e-commerce sales reached $512.6 billion, up 13.4% from 2017, according to the U.S. Department of Commerce. Furniture Today estimates that 14% of total furniture and bedding sales were online in 2017, up 2% from 2016.

Online furniture and bedding sales totaled an estimated $15 billion in 2018, up 6.4% from the previous year, according to Furniture Today estimates. By 2022, Furniture Today estimates 19% of furniture and bedding sales will come from online sales.

Globally, e-commerce sales reached approximately $2.8 trillion in 2018, according to e-commerce platform Shopify. By 2021, that number is expected to total $4.8 trillion, a 71% growth.

As e-commerce continues to grow globally, it’s important for retailers to make the proper investments with Shopify estimating that 85% of the world’s purchasing power is outside of the U.S.

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