Stock Up on Home Goods Now to Avoid Price Hikes in 2026

Consumers are advised to stock up on essential home goods ahead of projected price increases in early 2026, following warnings from Wells Fargo. According to a report by Lauren Murphy, managing director of Wells Fargo Retail Finance, tariffs are expected to significantly raise costs, impacting consumers directly.

Retailers have generally maintained stable prices during the holiday season, with many offering promotions and discounts across various categories. Murphy noted that, in preparation for impending tariffs, many retailers front-loaded their inventory purchases in early 2025. This strategy was aimed at mitigating the financial impact of expected import duties, which will likely be passed onto consumers in the form of higher prices.

As evidenced by retail strategies, from May to September, there has been a notable 14% increase in product inventory levels. However, projections for early 2026 indicate that the volume of inventory still in transit from overseas suppliers could surge by as much as 62%. This increase is particularly concerning for home goods retailers, who rely heavily on imports and have limited ability to absorb rising tariff costs.

Expected Price Increases in Home Goods

Murphy emphasized that home goods retailers have already begun to implement strategic price increases, suggesting that consumers can expect to see even higher prices in the coming months. While apparel may also experience price rises, its lower base prices tend to soften the impact on consumers. In contrast, a 10% increase in the prices of big-ticket home goods can significantly deter buyers due to their higher overall costs.

For those considering major furniture purchases, Murphy strongly recommends acting now. Waiting until early 2026 could result in “significant savings” lost as prices are expected to rise sharply. The anticipated shifts in pricing reflect broader economic pressures and the complexities of international trade, particularly in the home goods sector.

As consumers navigate these changes, it is crucial to be proactive. By stocking up on essential items before the tariff impacts take effect, shoppers can better manage their budgets and ensure they do not face steep price increases for necessary goods in the near future.