;
COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

UK Homewares Sector Report | Insight & Analysis

December 2022

What's included in this report?

  • Homewares Market Share - top 10 Homeware retailers
  • Homewares Market Size estimates by category (£m)
  • Sales Growth by category
  • Total Homewares Spending by category (£m)
  • Online Household Goods Sales (y-o-y)
  • Forecasts for 2021 - 2025
  • Footfall by channel and region
  • Regional Weather data and more…

UK Homewares Sector Report : December 2022

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: 01 May – 28 May 2022

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

Homewares Sales

Homewares sales declined 00% in May on last year, which marks a significant volume decline once inflation is accounted for.

Volumes down as confidence plummets

Slow growth comes as inflation is eroding personal finances, with wage growth unable to keep up with rising prices. Supply chain issues from ongoing disruption amid the Russia-Ukraine war and port issues in China has lead to prices going through the roof.

Inflation among Household Good retailers rose by 00% YoY in May, having faced double-digit increases since February.

As inflation steps up to 40-year highs across the wider consumer basket, confidence has hit further record lows, impacting willingness to spend. Overall consumer confidence declined one point from May to 00 in June.

Evolving spending patterns

Against the highs of last year, ONS data shows that online sales among Household Goods retailers declined 00% YoY, with the proportion of online sales having been broadly stable since the start of the year, accounting for just over a quarter of total sales.

Non-essential spend is going through a turbulent period across different households. The least affluent households saw a sharp 00% decline in their income available for non-essential purchases in May compared to last year according to Retail Economics’ Cost of Living Tracker.

It comes at a time when consumers are approaching their first summer in three years without Covid restrictions, and are focusing their dwindling discretionary income on pent-up demand for other sectors such as travel.

Hospitality and leisure spending increased by 00% YoY in May. Travel spending almost tripled at 00% growth compared to last year.

Autumn pressure

Despite the energy bill grant announced by the government in May for all households, 00% of households feel they still need to reduce their non-essential spending this year, as rising energy costs are just one area of high inflation.

The cost of servicing debt is likely to increase in the coming months, as interest rates going into June faced a fifth consecutive rise since end of last year.

This will impact mortgage rates and – compared to above-average house moves and consistent double-digit house inflation – the housing market is expected to cool on last year.

Take out a FREE 30 day membership trial to read the full report.

 

Household Goods inflation at record highs

Source: ONS, Retail Economics analysis

Latest monthly UK Homewares Sector Report

Report: May 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
Report: April 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
Report: March 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
View Archive

Need more insight on UK retail?

Try a FREE 30 day trial subscription

How it works
  • Free for 30 days, no payment details, cancel anytime
  • Create account and log into your retail insight dashboard
  • Download free retail economic and sector reports
  • Download thought leadership reports and presentations
  • Access time series data and much more…
Get insight with a FREE trial subscription

Trusted by

    Sainsburys Argos O2 Barclays Warner Bros Akznobel Sky British Land

Report Contents

UK Homewares Sector Report Report
  • Executive Summary
  • Sector analysis
  • Homewares – Retail Economics Index
  • Online Household Goods – Office for National Statistics
  • By Sub-Sector – Office for National Statistics
  • Macro Factors
  • Mortgages & Savings
  • Consumers
  • Footfall
  • Labour market
  • Earnings
  • Costs, Prices and Margins
  • Weather Watch
  • Average Temperature
  • Average sunshine hours
  • Average Rainfall

3 reasons to use us


We understand your needs in a fast-paced industry

Our reports are designed to give you easy to read data summaries with powerful interpretation leaving you with actionable insight


Benefit from insights from proprietary data

As industry experts you readily benefit from our deep understanding of the homewares sector as we continually mine insights from our proprietary data 


Our expertise are aligned with your objectives

Our data and analysis is relevant, timely and hugely supportive in fulfilling your core objectives in a dynamic and disruptive industry

About our reports and subscriptions

Retail Economics publishes monthly Retail Sector Reports for the UK Homewares sector giving you actionable insights for your business.

It provides in-depth analysis of the latest macroeconomic and consumer trends affecting the homewares market including market size estimates for: House Textiles, Bedroom Textiles, Kitchenware, Decorative, Lighting and more.

Other popular retail reports

Top