Berkshire Hathaway’s furniture retailing companies, which include Nebraska Furniture Mart, Jordan’s, and R.C. Wiley, will benefit from projected growth in the luxury furniture market.
In a new report from Research and Markets, “Global Luxury Furniture Market 2017-2021,” the global luxury furniture market is projected to grow at a compound annual growth rate (CAGR) of 4.92% during the period from 2017-2021.
The report notes that one of the strongest trends demand for eco-friendly and green furnishings.
“Consumers are currently showing more preference toward eco-friendly furniture such as those made from Moso bamboo, which is harder and more durable than oak. These materials also allow designers to obtain an aesthetic look for their products.”
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.