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Canada: Furniture stores set sales record in AugustWednesday, November 04, 2015 > 10:21:47
(Home Goods Online)
Canadian furniture stores set a new record for monthly sales in August, falling just short of the $1 billion mark, according to figures published by Statistics Canada. Meanwhile, home furnishings stores had their seventh consecutive month of sales growth. Not to be outdone, electronics and appliance stores also turned in an above average performance as well.
According to the national bean counter, furniture store sales were pegged at a preliminary and actual $996.1 million in August, a 4.5% gain over the revised $553.8 million in July. It was also 5.1% higher than the $953.8 million rung-up in August 2014.
Furniture store sales were up for the second consecutive month. On a month-over-month basis, sales were up in every province from Ontario - which led the pack at 13.4% - west to British Columbia. Meanwhile, sales fell all other provinces. On a year-over-year basis, sales were up across the country except in Newfoundland & Labrador and Alberta.
For the year-to-date, furniture store sales were $6.80 billion - a 5.1% gain over the $6.45 billion for the same period of 2014. Sales were up in every province across the country, ranging from 15.3% in B.C. to 1.9% in Saskatchewan. The exception was Quebec, where sales were down 2.2%.
In his analysis, retail consultant Ed Strapagiel noted that for the trailing 12 months ending in August, furniture store sales were $10.4 billion, up 5.6% over the comparable period.
Home furnishings stores
Meanwhile, home furnishings stores - which sell everything from floor covering to lamps and lighting, decorative accessories and wall art - saw preliminary August sales of $537.8 million, a gain of 2.3% over the revised $526.4 million for July and an 11.6% jump from sales of $482.9 million in August 2014.
This was the sixth consecutive month of increasing sales for these merchants.
Monthly sales were up, in the range of 3.0% to 5.2% in Quebec, Ontario, Saskatchewan and B.C. They were down in all other provinces. Year-over-year, sales were everywhere expect Newfoundland and Prince Edward Island.
On a year-to-date basis, home furnishings store sales were $3.84 billion, a 6.2% advance from the $$3.66 billion for the January-to-August period of last year.
YTD sales were up in every province save for P.E.I. (-4.7%) and Saskatchewan (-2.7%) but up in the remaining eight, led by B.C. where they were up 17.8%.
For the trailing 12 months, sales were up 5.8% to $6.1 billion.
Electronics and appliance stores
Electronics and appliance stores also turned in a solid performance in August with preliminary sales of $1.22 billion, a 7.4% over the prior month's revised $1.13 billion. However, they were down 2.8% from the $1.26 billion sold in August 2014.
On a month-over-month basis, sales were up in every province from coast-to-coast, led by Newfoundland at 13.5%. On a year-over-year basis, they were down in every province, except Manitoba and B.C., where they gained 5.0% and 1.2% respectively.
For the first eight months of the year, white and brown goods merchants had sales of $8.77 billion, up 1.1% over the same period last year's $8.67 billion.
By this measure, sales were once again off in every province, except Ontario and B.C., where they were up 2.4% and 5.2% respectively.
For the trailing 12 months, electronics and appliance stores sales were up 2.5% at $14.9 billion.
According to Statistics Canada, all location-based retail had store sales of $45.0 billion during the month of August, a gain of 1.4% over the $44.4 billion rung-up in August 2014.
While automotive dealers saw sales improve 8.5% - leading the 11 or so major retail sectors tracked by the agency - gas stations saw their sales fall 10.6%.
This left all retail less automotive with sales of $28.4 billion, a year-over-year gain of 1.2%.
For the year-to-date, all location-based retail store sales were $335.0 billion, up 2.0% over the $328.4 billion for the same period of 2014. All less auto has sales of $212.1 billion, a 3.9% gain over the prior year's $204.1 billion.
All big ticket stores (furniture, home furnishings and electronics) kept pace with a growth rate of 3.5% for the year-to-date with sales of $19.4 billion.