Market Trends -
[Cached Version]
Published on: 2/13/2002
Last Visited: 2/13/2002
"For three years in a row, the American Express Retail Index has been consistent with industry reports showing year-over-year growth for home improvement/home furnishing retailers," said Emelie Smith, vice president, Retail Marketing Group, American Express Travel Related Services Co., Inc. (TRS)."Thanks to the strong economy, home owners will continue to put time, energy and money into their homes to turn them into a place that reflects their lifestyles and personal tastes."
Several industry reports, in fact, project a booming business and steady growth for the home improvement category from now through the year 2002.In 1997, for example, the home improvement market reached $101.7 billion, a number that could climb to $106 billion in 1998, and $114.6 billion by the year 2000, according to the Home Improvement Research Institute.
Home furnishings and decorating stores