Retail spending up.
BUSINESS Retail fixtures, P.O.P. displays and surrounding store or restaurant interiors are the focus of this woodworking segment. The store environment is an extension of retail branding, so architectural millwork and store fixture firms serving these clients require scale in production and reach in logistics, delivery and installation.
Tied to consumer spending, the retail business forecast is upbeat. "After a burst of activity in 2012, the pace of growth in commercial construction has slowed, but we are of the opinion that this market will not go negative in 2014," says A.R.E. consulting economist Dr. Jeff Dietrich, Institute for Trend Research "Coming into the upside of the business cycle in 2015, we expect consumers as well as businesses will be well positioned to earn, save, spend, and ultimately propel the U.S. economy into another period of economic growth."
DESIGN Textured, natural surfaces, LED lighting, colorful slatwall and mixing of materials are among the trends seen at the recent GlobalShop show.
LEGGETT & PLATT
L.A. DARLING CO.
Display Cabinets & Cashwraps
P.O.P. & Full Store Interiors
Kiosks, Endcaps, Floors
Furniture & Fixtures
Slatwall & Systems
Design & Install
* Sales projected to rise 10% year-over-year.
* 61% retailers plan to purchase fixtures & displays in 2014.
* 59% of manufacturers expect 2014 profits to grow
Sources: Association for Retail Environments (A.R.E.) * Institute for Trend Research
$3.77 sf is the typical looring cost for specialty apparel stores. The average floor $2.76 sf.
Sustainable/green projects are now the norm, not exception for retail fixture environments.
For fast turnaround, many fixture firms partner with local millwork shops for parts and installation.
2014 RETAIL INTERIOR PURCHASING PLANS Percentage of retailers who predict increased purchases in the following categories 23% Mannequins/forms 26% Transportation, logistics, installation 30% Paints and coatings 30% Flooring 33% Architectural woodwork/millwork 40% Lighting 41% Design/architecture services 51% Props/decor 54% Fixture hardware/accessories 57% Signage and graphics 61% Fixtures and displays 63% In-store Technology For the first time since A.R.E. has conducted its annual summer survey of retailers, signage and graphics has been eclipsed by In-store Techology and Fixtures a Displays. Source A.R.E. Note: Table made from bar graph. PROFIT EXPECTATIONS flat profits 24% profit decline 17% Improved or higher profits 59% Source: A.R.E. Note: Table made from pie chart.
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|Title Annotation:||STORE FIXTURES & INTERIORS|
|Date:||Dec 1, 2013|
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