online sales of furniture growing at a faster-than-average rate
Friday, November 30th, 2007Dan Lackner, Sr VP of ComScore, shared helpful online insights at the Furniture/Today Leadership Conference this week. Just a few highlights:
* For Q3, most frequently visited ‘furniture’ web sites were (1) IKEA, (2) Pottery Barn, (3) Crate & Barrel, (4) Pier 1, and (5) Ashley.
* For the first 11 months of 2007, online furniture sales are up about 33% over last year, as compared to average (multi-industry) online sales growth of about 25%.
* over 21% of all internet users visited a home furnishing site this year.
* multi-channel retail is growing the fastest - more than both brick-and-mortar alone, or internet alone. Many consumers are using the internet to research for products, then buying at retail stores.
* catalogs are an effective driver of online sales. More consumers are using them to browse, then buying online.
* online buying statistics illustrate the importance of a selling strategy that incorporates both brick-and-mortar and online consumer options, vs. an either/or approach
Source: Dan Lackner, ComScore, speaking at the Furniture/Today Leadership Conference, Palm Beach, FL. Nov 29, 2007