Major Group SIC 57 - Home Furniture, Furnishings, And Equipm...

SIC 57 - Home Furniture, Furnishings, And Equipment Stores

SIC 57 - Home Furniture, Furnishings, And Equipment Stores
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes retail stores selling goods used for furnishing the home, such as furniture, floor coverings, draperies, glass and chinaware, domestic stoves, refrigerators, and other household electrical and gas appliances. Establishments selling electrical and gas appliances are included in this group only if the major part of their sales consists of articles for home use. These stores may also repair household appliances, radios, televisions, and stereo equipment, but establishments primarily engaged in repair of these products are classified in Division I, Services. Dealers primarily engaged in selling antique and secondhand furniture are classified in Industry Group 593. Stores furnishing interior decorator service are classified according to the merchandise handled.

Industry trends:

The NAICS 57 industry, which includes home furniture, furnishings, and equipment stores, is currently experiencing several key qualitative trends. One prominent trend is the increasing consumer preference for sustainable and eco-friendly products. As environmental concerns grow, more customers are seeking furniture and home furnishings made from recyclable materials or certified sustainable sources. This has encouraged retailers to diversify their offerings to include more green products.

Another trend is the rapid rise of e-commerce and digital platforms as primary shopping channels. While brick-and-mortar stores still play a critical role in the industry, many businesses are investing heavily in their online presence. Enhanced user experience through augmented reality (AR) applications, which allow customers to visualize furniture in their homes before making a purchase, is becoming increasingly popular.

Personalization and customization are also becoming significant factors in consumer decision-making. Many customers are looking for unique, tailored items that reflect their personal style. This trend has led to an increase in bespoke furniture offerings and customizable home décor items.

Looking ahead, the industry is expected to see continued growth in smart home technology integration. Furniture and equipment that incorporate smart features, such as charging ports, built-in lighting, or connectivity with home automation systems, will likely grow in demand. Additionally, as the global supply chain stabilizes post-pandemic, there may be a resurgence in consumer spending on home improvement and decorative items.

Overall, businesses that prioritize sustainability, embrace digital transformation, and offer personalized and technologically integrated products are likely to thrive in the near future.

This industry is comprised of:

SIC 571 - Home Furniture And Furnishings Stores

SIC 572 - Household Appliance Stores

SIC 573 - Radio, Television, Consumer Electronics, And Music Stores

Explore related industries:

SIC 25 - Furniture And Fixtures SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores

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