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According to the U.S. Commerce Department, U.S. furniture and homewares sales rose 32.5 percent in June from May, down 3.5 percent from a year earlier, basically returning to pre-epidemic levels.
OVERSTOCK, the U.S.COM s home online retailer, reported revenue of $785 million for the first quarter ended June 20, up 109 percent from a year earlier. Importantly, customers are buying their core products--- and household items, and are expected to achieve sustainable earnings growth this year.
Separately, bedding and beyond, a major U.S. homewares retailer, said bed sales have grown rapidly since it reopened in May, mainly including sheets, bedding and pillows, and consumers are more willing to create a comfortable home environment.
Overall, the decline in home textile exports in the first half of the year was largely in line with the decline in imports from the United States, the European Union and Japan, at the global average. At the same time, the resilience and flexibility of China's textile supply chain during the outbreak highlighted its competitive advantage, but partially alleviated China's market share in the United States, Europe, Japan continued to decline trend. Changes in consumer behaviour resulting from the outbreak, such as increased home time, have also brought some benefits to the home textile market.