Moving furniture gets trickier for retailers
Economic hard times and changing habits disrupt the industry
08 March 2020 - 00:11
The recent collapse of premium furniture retailer Bakos Brothers after two years of flat sales reflects the structural changes of an industry that once enjoyed consistent gains.
According to market research provider Euromonitor International, the value of the furniture retail sector, which includes indoor and outdoor furniture, textiles, window coverings and lighting, shrank to about R30bn in 2019 from about R56bn in 2018...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.