africaen
No place like home

No place like home

05-08-2021 | Daily sketch

Growth in spending on home improvement and home furnishing boomed during the pandemic and remains elevated. Consumers are shifting home spending to online channels. Online home spending was already growing at >30% but accelerated to 136% last year, and is still 75% above levels seen two years ago. 

Companies offering goods for the home online such as Wayfair, Overstock.com and Ashley Furniture grew their number of shoppers by 30% to 200% last year. Large numbers of new consumers have experienced that buying furniture and decorations for their home can also be done from the comfort of their home. 

Growth vs. two years ago in home spending

Source: Earnest Research
Now also follow us on Instagram
Now also follow us on Instagram
Follow

It is said that a picture paints a thousand words. Robeco’s Trends Investing team monitors markets closely. Every morning our trends experts collect the most relevant and intriguing graph or chart for you and present it with their commentary in the Daily Sketch. All graphics provided are collected from Bloomberg data or other public websites. They do not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.
More about Trends Investing.

Subjects related to this article are:
Logo

Disclaimer

Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

Please confirm that you are a professional investor and/or institutional investor and that you have read, understood and accept the terms of use for this website.

I Disagree