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.
Amazon leads all retailers on this year’s list with 2018 total sales of $233 billion, including $9.6 billion in estimated home furnishings sales, which includes furniture, bedding, housewares, textiles and decorative accessories.
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.
Nearly 10% of total retail sales last year were online, according to the U.S Department of Commerce. Online sales are off to a strong start in 2019, too, as U.S. e-commerce sales in the first quarter of 2019 reached $137.7 billion, approximately 10.2% of total retail sales and up 0.8% from the same period last year.
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.
In covering the online channel, Furniture Today presents 23 leading online furniture retailers. To be eligible for the listing, companies must sell at least 80% of furniture merchandise online. This report focuses on online furniture retailers. A second report, which will be published in the upcoming Sept. 30 issue, will specifically highlight the leading online bedding retailers.
