Recently, the major data of the home furnishing industry in 2022 have been released. According to data from the National Bureau of Statistics, the total retail sales of furniture in the country will be 163.5 billion yuan in 2022, a year-on-year decrease of 7.5%. From the perspective of major financial indicators, the operating income of the national furniture manufacturing industry in 2022 will be 762.41 billion yuan, a year-on-year decrease of 8.1%; operating costs will be 631.35 billion yuan, a year-on-year decrease of 8.4%; the total profit will be 47.12 billion yuan, a year-on-year increase of 7.9%. In terms of store sales, the cumulative sales of building materials and home furnishing stores above designated size nationwide in 2022 will be 1,161.076 billion yuan, a year-on-year decrease of 1.39%. In terms of export trade, the national furniture and its parts exports in 2022 will be 463.93 billion yuan, a year-on-year decrease of 2.5%.

According to news on February 3, according to the survey report of Piper Sandler, an American investment institution, the retail sales of mattresses in the United States will drop by 6% in 2022. Among them, sales of spring mattresses fell 9%, sales of hybrid mattresses rose 9%, while sales of foam mattresses fell 7%.

Recently, it has been reported that the China Securities Regulatory Commission has clarified the industry requirements for companies applying for the main board, and draws a line between the prohibited, restricted, permitted and supported listing categories. According to the review rules circulated on the Internet, the listing of traditional industries such as food, furniture, and home appliances will be restricted. According to incomplete statistics from 77 Degrees, in 2022, more than 40 home furnishing companies are hitting the A-share IPO, including Kefan Home Furnishing, Schneiman Home Furnishing, Tucson Custom Home Furnishing, Marg Home Furnishing, Huangpai Home Furnishing, Higold Home Furnishing, Zhiou Home furnishing, Continental Creative Home, New Pearl and other companies, the implementation of the new policy may have an impact on the listing of these companies.

March 8th is International Women's Day. Today, the boss of our company invited all the female colleagues in our office to drink coffee and milk tea. What a happy day!

On December 30, the Japanese lifestyle brand MUJI announced on its official website that it will adjust the prices of some products on January 13 and February 3, with an average price increase of 25%. Items that have increased in price include large furniture, plastic lockers, linen products such as bedding, and food.

According to the announcement, from January 1, 2022 to December 31, 2022, Sophia expects the net profit attributable to shareholders of listed companies to be 950 million to 1.1 billion yuan, an increase of 675.03% to 797.41% over the same period last year. For a profit of 123 million yuan. In 2021, the operating income will be 10.407 billion yuan. It is expected that the operating income in 2022 will increase by 520 million to 1.04 billion yuan compared with the same period of the previous year, an increase of 5% to 10% over the same period of the previous year.

Samsung is betting on its new strategy of creating connected experiences and "bringing calm to the connected world" to enable seamless smart home connectivity. Samsung plans to bring SmartThings technology to thousands of devices developed by other OEMs. More than 300 companies will soon adopt SmartThings technology. At the same time, about 3,000 different categories of smart home devices, including air conditioners, smart door locks and lights, home appliances, automatic blinds, etc., will all support the SmartThings platform.

Reuters reports - U.S. online furniture retailer Wayfair said it would cut 1,750 jobs, more than 10% of its workforce, to save costs as persistent high inflation weighs on consumer spending. This is another industry giant laying off employees after technology giants such as Amazon and Microsoft and home furnishing giants such as 3B Home furnishing announced layoffs, hoping to control expenses to survive the economic recession. Wayfair said the layoffs will affect 18% of the company's workforce. The company also cut 870 jobs in August last year. Wayfair had previously outlined a $1.4 billion cost-saving plan to trim operating costs amid weak demand for furniture. Including the layoffs in August, Wayfair said the workforce portion of the plan saved about $750 million. Wayfair had 16,681 full-time employees as of Dec. 31, 2021, according to regulatory filings. Wayfair's recent layoffs aren't limited to sales and human resources staff, but include more tech roles. Wayfair laid off nearly 200 people in engineering positions at its Boston headquarters, including 35 senior engineers and 23 senior software engineers, according to a government filing. The massive layoffs are understood to have hit Wayfair's software team in Boston and elsewhere, which maintains the company's cloud-hosted servers and software development tools. "It means we're only spending energy on keeping critical systems running," one engineer said. It is worth mentioning that Wayfair has expanded its recruitment in India while laying off 1,750 people. Indians will work in Wayfair's new technology development center opened in Bangalore earlier this year. Human capital is cheaper in India, industry insiders say. Wayfair lost more than 1 million customers in its most recent quarter as consumers stopped buying new furniture and home decor, according to its latest earnings report. The e-commerce retailer said the number of active customers fell 22.6% in the quarter ended Sept. 30 from a year earlier. The company's second-quarter sales fell 9% year-over-year. Loss of $283 million. The company's shares have plummeted nearly 80% in 2022. "Wayfair's business isn't working and it's losing a lot of market share," said GlobalData Retail analyst Neil Saunders. The furniture and home furnishings industry has seen a broader slowdown following a boom in 2020 and 2021, when many customers were unable to travel or go to the office and spend money to redecorate their homes. Ongoing inflation, which hit 8.2 percent in September, has also affected lower- and middle-income consumers, who have curtailed discretionary spending and instead focused on paying for necessities like groceries, gas and rent. Wealthier consumers are also shifting spending away from furniture and other goods and towards travel and services. Mortgage rates have risen sharply, reducing demand for new homes. "We're seeing shoppers becoming more cautious in their spending patterns, looking for great value and waiting for sales," Wayfair ...

Recently, according to the data released by the U.S. Department of Commerce, the country’s furniture retail sales in October remained almost unchanged year-on-year, reflecting that consumers have shifted their consumption to other areas, and home furnishing sales have lost growth momentum. Retail sales of furniture and home furnishing rose 0.4 percent to $12.1 billion in October, according to the Commerce Department. In the retail sector, furniture posted the worst sales growth of all categories, behind department stores, which fell 1.6 percent, and electronics and appliance stores, which fell 12.1 percent.

According to the data of the General Administration of Customs of China, the statistics are as of October 2022: my country's import trade volume of timber and wood products totaled 100.595 billion yuan, a year-on-year decrease of 11.7%; the cumulative import volume of timber and wood products reached 47.79 million tons, a year-on-year decrease of 25.2%; my country's log imports totaled 36.25 million m³, a year-on-year decrease of 32.1%; It reached 47.963 billion yuan, a year-on-year decrease of 22.7%; the cumulative volume of imported sawn timber was 21.81 million m³, a year-on-year decrease of 8.3%; the amount reached 41.766 billion yuan, a year-on-year increase of 0.2%.

On November 25, the latest report released by the British Furniture Manufacturers Association (BFM) showed that in the first nine months of 2022, the import value of British furniture increased by 19.5% compared with the same period last year to more than 7.3 billion pounds, compared with 2019 before the outbreak of the new crown. This was an increase of 30.1% over the same period.

According to data from the National Bureau of Statistics, in the first 10 months of this year, the operating income of the national furniture manufacturing industry was 610.75 billion yuan, a year-on-year decrease of 6.2%; the total profit was 34.42 billion yuan, a year-on-year increase of 3.8%. The operating income of the textile industry was 2108.39 billion yuan, a year-on-year increase of 0.8%; the total profit was 71.89 billion yuan, a year-on-year decrease of 16.4%. The operating income of wood processing and wood, bamboo, rattan, palm and straw products was 800.61 billion yuan, a year-on-year increase of 0.2%; the total profit was 28.52 billion yuan, a year-on-year decrease of 1.2%.