The coronavirus pandemic has changed the way we live and work. Though it has dampened businesses across the globe, it has also given rise to new trends.
Data provider S3 Partners had anticipated a decline in spending on furniture and home improvement with household finances being hit hard by economic challenges posed by the pandemic. However, things have panned out in a different way. A huge number of Americans in lockdown have been spending lavishly on upgrading their living spaces, which has helped Do-It-Yourself (DIY) and homeware or home furnishing companies to flourish.
Living Space Upgrades Push Home Furnishing Stocks