Analysis of Home Furnishing Trends Caused by the COVID-19 Pandemic
Citation Koo, Y-S., & Youn, C., (2021). Analysis of home furnishing trends caused by the COVID-19 pandemic. International Journal of Costume and Fashion, 21(2), 80-90.
Abstract
The purpose of this study was to investigate consumer trends and perceptions of home furnishing in the COVID-19 pandemic using social media data and online news and provide fundamental data to decision-makers for the development of home furnishing products. Text mining and network analysis were employed to extract meaningful words related to home furnishing and reveal the relationships among them. The text data were collected from blogs and online news searched by Naver and Daum with the keyword "home furnishing." The big data was analyzed using text mining, network, CONCOR, and sentiment analysis. The results revealed that keywords such as home furnishing brands, product items, retail brands, usages, and functions were mentioned with high frequency. In the results of TF-IDF, the ranking of home furnishing brands stood out. Moreover, the keywords were clustered into four groups: the impact of COVID-19 on the market, purchasing criteria, retailing, and product characteristics. Lastly, the sentiment analysis highly expressed positive emotions through words such as favorite, interest, and joy related to home furnishing. This study provides insights into the home furnishing industry by identifying the increasing trend of online shopping, leading brands and a new representative brand, and items of interest.
Keywords:
Home furnishing, COVID-19, Big data, Text miningAcknowledgments
This work was supported by a 2-Year Research Grant of Pusan National University.
References
- Ahn, O. (2020). Home furnishing industry is booming as 'stay at home' increases. Hankyungbiz. Retrieved from https://magazine.hankyung.com/business/article/202008249059b, .
- An, H., & Park, M. (2020). Approaching fashion design trend applications using text mining and semantic network analysis. Fashion and Textiles, 7(1), 1-15. [https://doi.org/10.1186/s40691-020-00221-w]
- Baek, I. (2020). Digital revolution and direction of industrial incubation in Korea since pandemic. Monthly public policy, 176, 16-18.
- Chang, T. (2020). COVID-19 Pandemic and Aircraft Industry. Current Industrial and Technological Trends in Aerospace, 18(2), 14-23.
- Chung, H. & Nah, K. (2016). A research for communication with customers who design homes for themselves focused on changing culture and home interior design environments where customers are decorating their home on their own. Journal of the Korean Society Design Culture, 22(3), 471-486. [https://doi.org/10.18208/ksdc.2016.22.3.471]
- Grover, V., Chiang, R. H., Liang, T. P., & Zhang, D. (2018). Creating strategic business value from big data analytics: A research framework. Journal of Management Information Systems, 35(2), 388-423. [https://doi.org/10.1080/07421222.2018.1451951]
- Hong, T. H. (2020) Characteristics and causes of COVID-19 pandemic economic crisis and its prospects. Koreanische Zeitschrift fuer Wirtschaftswissenschaften, 38(3), 79-99. [https://doi.org/10.18237/KDGW.2020.38.3.079]
- Hofacker, C. F., Malthouse, E. C., & Sultan, F. (2016). Big data and consumer behavior: Imminent opportunities. Journal of Consumer Marketing, 33(2), 89-97. [https://doi.org/10.1108/JCM-04-2015-1399]
- Hwang, J. H. (2020). Global economic trends after COVID-19. Asset Management Review, 8(2), 43-58. [https://doi.org/10.23007/amr.2020.8.2.43]
- Kang, S. (2020). The change of solidary spheres in the global pandemic age. Society and Theory, 183-230. [https://doi.org/10.17209/st.2020.11.37.183]
- Kim, B. G. (2018). An exploratory analysis on strategic changes of furniture retailer: Focusing on IKEA and Hanssem in Korea. The Journal of Distribution Science, 16(12), 33-45. [https://doi.org/10.15722/jds.16.12.201812.33]
- Kim, H. J. (2020). Housing space trend prospect-COVID 19, change of daylife. KHousing, 15(1), 7-11.
- Kim, J. A. (2014). A study of home interior textile design using art nouveau (Unpublished master's thesis). Hanyang University, Seoul, South Korea.
- Kim. J. S., Sin, D. H., & Kim, H. W. (2021). Analysis of major COVID-19 issues using unstructured big data. Knowledge Management Research, 22(2), 145-165. [https://doi.org/10.15813/kmr.2021.22.2.008]
- Kim, K. S. (2021). Analysis of semantic network of leisure before and after COVID-19 using media big data. The Korean Journal of Physical Education, 60(2), 163-176. https:// [https://doi.org/10.23949/kjpe.2021.3.60.2.12]
- Kim, Y. E. (2020). 'Clothing delivered on the same day· maskproof cosmetics'… How to break through COVID-19 in the fashion and beauty industry. Hankyung, Retrieved from https://magazine.hankyung.com/business/article/202003313689b
- Kim, J., & Lee, J. C. (2020). Effects of COVID-19 on preferences for private dining facilities in restaurants. Journal of Hospitality and Tourism Management, 45, 67-70. [https://doi.org/10.1016/j.jhtm.2020.07.008]
- Kim, D. H., & Lim, H. S. (2020). Economy paradigm change and Future Project. KIF VIP Report, 16.
- Koo, G. J., & Lee, Y. S. (2016). Economic environment in the new normal era and diversity. Journal of Governmental Studies, 22(2), 27-50. [https://doi.org/10.19067/jgs.2016.22.2.27]
- LaBarre, P. (2003, April 30). The new normal. Fast Company. Retrieved from https://www.fastcompany.com/46387/new-normal
- Lee, J. B., & Choi, S. O. (2018). Public services machine learning applications and publics values. Journal of Governmental Studies, 24(1), 3-27. [https://doi.org/10.19067/jgs.2018.24.1.3]
- Lee, D. H., Kim, Y. J., Lee, D. H., Hwang, H. H., Nam, S. K., & Kim, J. Y. (2020). The influence of public fear, and psycho-social experiences during the Coronavirus Disease 2019(COVID-19) pandemic on depression and anxiety in South Korea. Korean Counseling, Psychological Association, 32(4), 2119-2156. [https://doi.org/10.23844/kjcp.2020.11.32.4.2119]
- Lee, H. J. (2021). Market segmentation by level of change in food expenditure per channels since the COVID-19 outbreak: An analysis of consumers in their 20's to 50's. Consumer Policy and Education Review, 17(2), 1-28. [https://doi.org/10.15790/cope.2021.17.2.001]
- Lee, H. J., & Ji, E. Y. (2021). Young persons' housing consciousness clusters and at-home activities - reflecting COVID-19 situation. Journal of the Korean Housing Association, 32(3), 83-96. [https://doi.org/10.6107/JKHA.2021.32.3.083]
- Lee, H. I., & Kang. S. J. (2021). The impact of the COVID-19 pandemic on health-related quality of life (HRQOL) in Korea. The Korean Journal of Physical Education, 60(3), 247-259. [https://doi.org/10.23949/kjpe.2021.5.60.3.18]
- Lee, H. J., & Lee, H. Y. (2020). COVID-19 stress: Is the level of COVID-19 stress same for everybody? -Segmentation approach based on COVID-19 stress level. Korea Logistics Review, 30(4), 75-87. [https://doi.org/10.17825/klr.2020.30.4.75]
- Lee, J. M. (2020). Now is the time! Fighting fashion Korea. Fashion Biz, 397, 17-18.
- Lee, S. J. & Kim, H. J. (2009). Keyword extraction from news corpus using modified TF-IDF. The Journal of Society for e-Business Studies, 14(4), 59-73.
- Lee, W. J. (2021). A study on the untact channel service satisfaction in the COVID-19 pandemic era. Trade Research, 17(3), 379-392.
- Park, S. (2021). Post-COVID-19 housing trend 'a place to rest'. Seoul Finance. Retrieved from https://www.seoulfn.com/news/articleView.html?idxno=412692
- Park, S. B. (2012). An analysis of the research trend of the participants in emotional science in Korea. Korean Journal of the Science of Emotion & Sensibility, 15(1), 29-36.
- Seo, J. H. (1986). Consumer behavior. Seoul: Parkyoungsa.
- Sigala, M. (2020). Tourism and COVID-19: Impacts and implications for advancing and resetting industry and research. Journal of Business Research, 117, 312-321. [https://doi.org/10.1016/j.jbusres.2020.06.015]
- Silva, E. S., Hassani, H., Madsen, D. Ø., & Gee, L. (2019). Googling fashion: Forecasting fashion consumer behaviour using Google trends. Social Sciences, 8(4), 111. [https://doi.org/10.3390/socsci8040111]
- Song, E. C. (2020), How will our food, clothing, and shelter change after COVID-19?. Sisa Journal, Retrieved from https://www.sisajournal.com/news/articleView.html?idxno=200068, .
- Song, E. Y. & Kim, G. J. (2020). The SWOT analysis of COVID-19 pandemic phenomenon effect on the coffee industry trend. Korean Journal of Convergence Science, 9(3), 449-467. [https://doi.org/10.24826/KSCS.9.3.28]
- Xie, J., & Youn, C. (2020). How the luxury fashion brand adjust to deal with the COVID-19. International Journal of Costume and Fashion, 20(2), 50-60. [https://doi.org/10.7233/ijcf.2020.20.2.050]
- Yu, Y. S. (2009). Interior coordination. Seoul: Yaeil media.
- Youn, C., & Jung, H. J. (2021). Semantic network analysis to explore the concept of sustainability in the apparel and textile industry. Sustainability, 13(7), 3813. [https://doi.org/10.3390/su13073813]
- Zhao, L., & Min, C. (2019). The rise of fashion informatics: A case of data-mining-based social network analysis in fashion. Clothing and Textiles Research Journal, 37(2), 87-102. [https://doi.org/10.1177/0887302X18821187]