This April, the furniture industry saw an impressive 12% increase in daily revenue, while the mattress industry experienced a similar 19% boost in average ticket prices.
This week we will take a closer look at what drove these improvements in the industry and what they could mean for the future.
THIS WEEK’S HIGHLIGHTS
- April in the furniture industry: How the furniture industry increased daily revenue by 11%.
- April in the mattress industry: Less foot traffic, higher average ticket, and more time spent with customers.
Q1 2023 Benchmark Report: Click HERE to see how your store compares to the industry average.
FOOT TRAFFIC INDEX
Here’s a look at last week’s foot traffic compared to the same time last year.
FOOT TRAFFIC TRENDS
Industry insights so you can convert your foot traffic into more sales.
April 2023: Furniture industry
April 2023: Mattress industry
Retail Snippets
A new era: Redefining the customer experience with computer vision and AI.
2023 Predictions: Walmart set to close all Stores in Portland amid record-breaking retail theft.
Warning signs: Target sales flat as retailer warns of $500M profit hit.
RANDOM IRRELEVANCE
Tik-Tok: Montana becomes first US state to ban TikTok.
Earth 2.0: James Webb’s ‘too massive’ galaxies may be even more massive.
Electric revolution: New electric car breaks 22 EV records.