WASHINGTON – The Nationwide Retail Federation has introduced its annual Scorching 25 Retailers Listing and several other dwelling furnishings retailers made it onto this 12 months’s checklist.
The High 25 are decided based mostly by Kantar, a knowledge analytics firm, and the willpower is predicated on the year-over-year share enhance in home gross sales for 2020 vs. 2019.
Overstock got here in because the second fastest-growing firm throughout all classes with 74.7% U.S. gross sales development. The retailer noticed $2.55 billion in gross sales in 2020 up from $1.459 billion in 2019.
David Marcotte, a senior vice chairman at Kantar, mentioned he was stunned on the fee of development for the house enchancment class since he wouldn’t have anticipated the expansion fee to be greater than 5% or 6% in a typical 12 months.
“You’ve a big funding into the house, which began throughout the pandemic, after which you’ve gotten this surge into homeownership,” mentioned Marcotte. “Should you’re spending the cash to purchase a home proper now, you wish to repair it up. You’re simply emotionally extra engaged with it. So, there’s a long-term impact to dwelling enchancment.”
Dwelling furnishings website Wayfair additionally made the checklist, coming in at No. 4 with 56.4% U.S. gross sales development. The retailer noticed $11.6 billion in gross sales in 2020 up from $7.5 billion in 2019. Wayfair additionally made the checklist for the primary time 5 years in the past, taking the quantity two spot for development again in 2015.
Additionally, At Dwelling Group got here in at No. 11 on the checklist with an annual development fee of 27.3%. The retailer noticed $1.7 billion in gross sales in 2020 up from $1.3 billion in 2019.
E-commerce behemoth Amazon.com was on the checklist at seventh place with 33.7% U.S. gross sales development. It’s, Marcotte says, “a very giant firm, and the proportion of enhance was spectacular in that context.” Amazon noticed U.S. gross sales of $187.3 billion in 2020, up from $140 billion in 2019.