This is much easier to achieve with a highly integrated eCommerce solution and modular software platforms, such as the Openbravo Commerce Suite. A modular architecture provides unlimited flexibility to change and adapt your system to new technologies or business processes so you can embrace innovation and stay ahead of the competition. Openbravo's centralized inventory, order and commerce management provides a critical foundation to ensure that the modern technologies retailers choose to use are consistent and integrated across all channels. To learn more about Openbravo Commerce Suite features that can help you leverage new technologies and channels to drive sales and grow your retail business, you can access the Openbravo webinar, Before IKEA entered the market in the 1980s, furniture and home decor were not a very dynamic part of retail.
Furniture was inherited, or bought only when people moved into a house, and then kept for as long as it lasted. Furniture stores often BVB Directory kept pieces in their stores or warehouses for long periods of time. But thanks in part to the innovation introduced by IKEA, furniture and home decor today have some of the characteristics of fashion clothing, with higher sales volume, seasonal product cycles, and more style options than never. You can find options for decorating a table on a holiday, blankets for the winter, or light linens and vases for the beach house in the summer. With so many options becoming more affordable and diverse, people are more likely to change and adapt the style
of their living spaces more often.
While the market is increasingly competitive, furniture retailers with stores and an online presence have an advantage over purely online furniture retailers, especially if they have reasonable shipping costs and a flexible return policy online or in different stores. Online Stores Help Drive Overall Growth The global home furnishings market will reach , according to Allied Market Research, and retailers face stiff competition. The United States alone has tores with a combined annual revenue of around $27 billion . Online stores are becoming the fastest growing channel at a CAGR of 16.6 percent, of the overall market . Despite the rise of online retailers, most retailers in this segment want an integrated physical and digital presence. From a product and marketing perspective, omnichannel sales strategy can be used to help guide customers at any time during their purchase. More Flexibility, Better Experience A centralized product management system allows furniture retailers to add new products quickly and across all channels.