Passing along the 26th volume of our survey on furniture and mattresses (US consumers). Please let us know if you have any questions about the report. Open Report:Bespoke – Furniture and Mattresses Vol 26Key Takeaways and Charts:
- Furniture
- Among the broader consumer audience, demand for luxury furniture has softened sequentially. Among higher income respondents, however, (HHI $100k+) interest is consistent with prior waves if not a touch better.
- Among respondents who say their demand for luxury furniture is weaker than normal, “inflation” was the main reason filled-in.
- Among respondents who say their demand for luxury furniture is weaker than normal, “inflation” was the main reason filled-in.
- Sentiment toward most furniture brands in our survey is positive, including Arhaus, West Elm, and RH.
- The percentage of consumers self-reporting either moving/looking to move or renovating/looking to renovate came in lower than series highs. Furniture purchase recency is stretched relative to series bests (mid 2021).
- Among the broader consumer audience, demand for luxury furniture has softened sequentially. Among higher income respondents, however, (HHI $100k+) interest is consistent with prior waves if not a touch better.
- Mattresses
- Purchase recency is stretched relative to series best (mid 2021).
- The percentage of consumers calling out cost as the main driver for purchasing decisions has increased each of the past two quarters. Over time, a declining percentage say the feel of the mattress is most important and an increasing percentage say convenience is most important.
- Memory foam has been a consistent share gainer over inner spring throughout our survey’s history.
- Online has gained share over the history of our survey, though the data has been relatively unchanged in very recent volumes.
- Purchase recency is stretched relative to series best (mid 2021).
