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GLR furniture sales fall in February PDF Print E-mail
Written by HGO Staff   
OTTAWA (30 April 2012) -  Sales of household appliance and home furnishings gained ground for Statistics Canada's group of large retailers (GLR) on a year-over-year basis in February, although they fell when compared to January 2012. Meanwhile, sales of indoor furniture and electronics declined on both measures.

The group's collective sales of indoor furniture were preliminarily pegged at $233.2 million in February, down from the revised $275.5 million in January and a 1.0% decline from the $235.6 million rung-up in February 2011.

Sales of household appliances totaled a preliminary $206.4 million in January, down from the revised $220.5 million in January but up a modest 1.2% over the $204.0 million sold in February 2011.

The group's combined sales of consumer electronics (including computers, cameras and other devises such as cell phones and video game players) were pegged at $417.3 million for the second month of the year, down considerably from the revised $510.2 million for January as well as a 12.6% decline from the $477.3 million tallied in February 2011.

Home furnishings sales - which cover everything from floor covering to lamps and lighting, decorative accessories and wall art - totalled a preliminary $190.5 million in February, down from January's revised take of $220.5 million. Once again, this was the star performer among the four big ticket categories as sales leapt 8.0% over the $176.4 million recorded for February 2011.

While the dollar volumes for the group are preliminary estimates, they are unadjusted for seasonality or other factors.

In addition to its monthly report on retail store sales and its quarterly report on retail sales by commodity, Statistics Canada also reports on sales by commodity for what is termed as its group of large retailers. These are companies that, for the most part, have stores across the country or are dominant players in their home province.

For the big ticket home category - including furniture, home furnishings, appliances and consumer electronics - the group of large retailers includes: the Brick Group; the Sony Store; Leon's Furniture; InterTan Canada, operators of The Source; IKEA Canada; BMTC Group; and, Best Buy Canada, operators of Best Buy and Future Shop well as the Calgary-based, 27-unit CE specialist Visions Electronics, among others.

Several of this country's largest general merchandise store operators with active big ticket home goods sales are also included. Among these are: Hudson's Bay Company (HBC); Sears Canada; Wal-Mart Canada; and, Canadian Tire Corp., among others.

However, this report isn't directly comparable to the standard retail sales report, as the product categories are somewhat different.

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Other News
Rob Vickers joins DRSG
CAMBRIDGE, Ontario (28 July 2014) - Industry veteran Rob Vickers has joined Dufresne Retail Solutions Group (dRSG) as business development manager for Western Canada. He succeeds Ed Cowx who is retiring after a 42-year career in Canada's furniture industry.
Read more...
Confidence index falls in July
OTTAWA (28 July 2014) - Although the overall Index of Consumer Confidence remains higher than it was at this point last year, it has dropped for the past three consecutive months as Canadians remain apprehensive about job creation and their household finances, according to the latest report from the Conference Board of Canada. They are also less enthusiastic about making a major purchase.
Read more...
Easyhome signs $200M credit facility
MISSISSAUGA, Ontario (28 July 2014) - Merchandise leasing specialist Easyhome has entered into a new $200 million credit facility that will provide $115 million of additional capital to support the growth of Easyfinancial, it's consumer finance segment.
Read more...
Traub named president of Serta
HOFFMAN ESTATES, Illinois (28 July 2014) - Serta Simmons Bedding (SSB) has named Michael Traub as the new president of National Bedding Company, better known as Serta International. He will assume the post on September 2 and report to SSB chief executive officer Gary Fazio.
Read more...
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Picture of the Day
Cantrex-golf-presentation (1)

Some 145 people from across the industry took part in Cantrex Nationwide’s annual charity golf classic recently. This year, some $10,000 was raised to benefit the ‘Take the Kids to Camp’ initiative of the Salvation Army. Here, Lt. Col. Sandra Rice (left), commander of the Ontario Central East division is accepting a cheque from CNW chief operating officer Jeannine Ghaleb and Jim Mahoney, vice president of photography and consumer electronics.


 

 

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