Furniture Manufacturers NAICS 3371, 3372

Nov 24, 2025 - Furniture Sales Show Weakness in October

• According to the CNBC/NRF Retail Monitor, furniture and home furnishings stores lagged behind broader retail gains in October 2025, missing the seasonal sales bounce. Core retail sales rose 0.6% month over month and 4.89% year over year, reflecting solid consumer spending supported by wage growth and low unemployment. However, furniture and home furnishings stores posted a 0.08% monthly decline (seasonally adjusted) and a 1.7% annual drop (unadjusted), making them one of only two categories to contract. Building and garden supply stores also fell, down 0.81% month over month and 8.52% year over year. In contrast, categories such as clothing (7.8% year over year), electronics (6.5% year over year), and digital products (22.3% year over year) saw strong growth. For the first ten months of 2025, core retail sales were up 5.28%, and the NRF projects holiday sales to rise 3.7%–4.2% to just over $1 trillion. The data, based on Affinity Solutions’ anonymized card transactions, highlights competitive pressures facing furniture retailers.
• The Furniture and Related Products manufacturing industry is one of a dozen manufacturing industries reporting contraction in October’s Manufacturing ISM Report on Business. The Furniture and Related Products manufacturing sector reported a decline in new orders, a decrease in production, lower employment, slower supplier deliveries, lower inventories and backlogs, a decrease in new export orders, and higher prices for raw materials. Additional manufacturing industries reporting contraction during the period were Apparel, Leather & Allied Products; Textile Mills; Paper Products; Printing & Related Support Activities; Wood Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Chemical Products; Machinery; Miscellaneous Manufacturing; and Computer & Electronic Products. Industries reporting growth were Primary Metals; Food, Beverage & Tobacco Products; Transportation Equipment; Plastics & Rubber Products; Fabricated Metal Products; and Nonmetallic Mineral Products. Overall, economic activity in the manufacturing sector contracted for the eighth consecutive month in October, with the Manufacturing PMI registering 48.7.

• According to Furniture Today, President Trump announced a new 30% tariff on upholstered furniture imports, effective October 1, citing concerns over excessive foreign supply and the need to protect domestic manufacturing. Additional tariffs were also introduced on branded drugs, heavy-duty trucks, kitchen cabinets, and bathroom vanities. It remains unclear whether these new tariffs will be layered on top of existing ones. Following the announcement, shares of major home furniture retailers such as Wayfair, Williams Sonoma, and RH declined. The development is significant for the furniture industry as it may lead to increased production costs, supply chain disruptions, and pricing volatility. Retailers and manufacturers reliant on imported components or finished goods will need to reassess sourcing strategies and inventory planning. The tariff could also shift competitive dynamics, favoring domestic producers while pressuring margins and consumer pricing.
• Nearly two-thirds of furniture and home furnishings retailers fear that tariffs will disrupt business operations and are taking action to find ways to share tariff costs, according to new statistics revealed at a panel during the Las Vegas Market reported in Furniture Today. The panel also revealed that half of retailers don’t know what to tell customers about the tariff effects. Panelist Doug Cofiell, CEO of Ivystone Group, said vendors are raising prices or adding surcharges due to tariffs, which means new prices on already purchased merchandise that range from 5% to 15% higher. He added that seasonal vendors of Halloween and holiday merchandise are the hardest hit, estimating that only 70% of holiday orders will arrive on time. City Furniture owner Keith Koenig said he was able to negotiate with many factories overseas to share the financial burden of tariffs, with some partners absorbing nearly half of the costs.