Store sales slide in September, Statistics Canada says
OTTAWA – Canadian consumers cut back their spending in furniture, home furnishings and electronics and appliance stores in September, according to the latest figures from Statistics Canada. Sales in all three big ticket categories fell on both a month-over-month and year-over-year basis.
This report covers sales by brick and mortar stores only – it doesn’t track sales by e-commerce specialists such as Endy, Article or Wayfair Canada.
Furniture store sales were pegged at a preliminary and actual $1.04 billion for September, essentially unchanged from the total rung-up in the same month last year. However, it was down slightly from the $1.11 billion sold in August. On the positive side of the ledger, it was also the sixth consecutive month when furniture store sales were above the $1 billion mark.
For the first nine months of 2019, furniture store sales totalled $8.87 billion, a gain of 3.8% from the $8.55 billion for the same period last year. This gives Leon’s Furniture Limited (LFL), this country’s largest full-line furniture, mattress and appliance retailer a market share of 22.3% for the first nine month of the year.
Meanwhile, home furnishings stores – which cover everything from floor covering to lamps and lighting, decorative accessories and wall art – had preliminary and actual sales of $530.1 million in September, which was down 2% from $592.1 million in September 2018. It was also down considerably from August’s tally of $630.3 million.
For the year-to-date, home furnishings store sales were $5.12 billion – a 1.4% advance from $5.05 billion for the comparable period of 2018.
Electronics and appliance store sales also fell on both a month-over-month and year-over-year basis, according to Statistics Canada. Store sales here were pegged at a preliminary and actual $1.13 billion in September – down 12.1% from the $1.28 billion for the same month last year as well as off substantially from the $1.22 billion sold in August.
For the first nine months of the year, white and brown goods store sales were tallied at $9.54 billion, down 9.9% from the $10.6 billion rung-up for the first three quarters or 2018.