In June 2024, the furniture market showed a modest recovery after ten months of decline, with a 0.8% growth compared to June 2023, marking its first positive performance since July 2023. This slight uptick, according to the Institute for Prospective and Furniture Studies (IPEA), provides a small relief to the struggling market. However, the institute cautions in an article on Meuble Info that this growth should not yet be seen as a definitive sales recovery. The early start of sales in June 2024, as opposed to July the previous year, may have contributed to this improvement, especially as many retailers offered significant discounts.
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The bedding segment continues to dominate the market, performing the best among all categories and showing growth across most of its sales channels. Conversely, garden furniture lags behind. Bedding specialists, in particular, stood out as a key driver of this growth.
Despite June's positive results, the cumulative performance for the first half of 2024 remains down by 5.4% compared to the same period in 2023.
Source: www.meuble-info.fr