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A survey of Canadian buying intentions.
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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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Sears Canada loss widens in Q2
TORONTO (20 August 2014) - Sears Canada continues to struggle, declaring a loss for the second quarter and first half of its current fiscal, which it attributed to severance and impairment charges as well as an unseasonably cool spring which hampered sales. Even its vital ‘home and hardlines' segment reported losing considerable ground over those six months.
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Picture of the Day
Superstyle-Studio-Line(1)

Trend-Line, part of the Superstyle group, will unveil its StudioLine collection at this year’s Toronto Summer Furniture Market, which gets underway for its usual four-day run on August 9.  Seen here is model 4735 studio sofa, which thanks to its smaller footprint and open back makes it ideal for a condo setting. Its companion chair is covered in teal linen with a dramatic leaf outline co-ordinate. Both feature tall cone legs.


 

 

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