The Future of Home Furnishings Trends - 2023 and Beyond

Going back to January 2022, when we were paying 25k+ for a China-to-Miami container and scrambling for timely supply we had one macroeconomic force making life easier, high demand.

High demand kept most of the home furnishings industry monsters like @cityfurniture or @Havertys growing revenues and even made online pioneers like @wayfair have their first profitable quarter, all courtesy of COVID-19.

Fast forward 12 months, to now. We have an inverting story affecting the industry at a macroeconomic level. Demand is going down and costs are finally normalizing.

All through 2022 and the whole covid-19 situation, we found success in focusing on product by improving our product line of lighting and decor in terms of esthetics and function, expanding our team, and becoming part of industry communities at tradeshows and expos.

In terms of product, it's important to stay ahead of the curve and anticipate what will be popular in the coming years so you can make strategic decisions. Let's look at some of the upcoming trends in home furnishings and explore what the future holds for this industry.

One of the biggest trends we're seeing in home furnishings is an increase in sustainable, eco-friendly materials.

Consumers are becoming more conscious of the impact their purchases have on the environment and are looking for ways to reduce their carbon footprint. As a result, we're seeing a shift away from traditional materials like wood and leather and towards sustainable alternatives like bamboo, cork, and recycled plastic. This trend is only going to continue to grow in popularity in the coming years.

Another big trend we're seeing is an increase in technology integration.

We're seeing furniture that charges your mobile devices, conceals your cords, and even connects to your smart home devices. This trend is being driven by the millennial generation who grew up with technology and expect it to be seamlessly integrated into their everyday lives. We expect this trend to continue to grow as technology becomes more ubiquitous in our society.

The last and my favorite trend we're seeing is a return to classic design principles.

After years of minimalist design dominating the scene, we're starting to see a shift back towards more traditional design elements like ornate details, rich colors, and luxurious fabrics. This trend is being driven by consumers who are looking for ways to add personality and character to their homes. We expect this trend to continue as people become more interested in making their homes an extension of their personal style.

Aside from product, our team has played a very important role in making customer satisfaction impeccable and developing new tech tools to engage more efficiently with more resellers at all levels, from brick-and-mortar independent stores to mass retailers.

Finally, the addition of our new showroom in High point, has given us great insight and has allowed our team to find great partnerships and friendships. So far we are exploring collaboration with other players in the home furnishings industry and remain very open to collaboration.

The home furnishings industry is always changing and evolving.

As a business leader, it's important to stay ahead of the curve so you can make the best decisions possible. By keeping an eye on upcoming trends, recruiting the best possible people and connecting with the industry’s best,  you can ensure that your business is positioned for success in 2023.