WASHINGTON – The Nationwide Retail Federation has introduced its annual Scorching 25 Retailers Checklist and a number of other residence furnishings retailers made it onto this yr’s listing.

The Prime 25 are decided based mostly by Kantar, a knowledge analytics firm, and the dedication relies on the year-over-year proportion improve 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 progress. The retailer noticed $2.55 billion in gross sales in 2020 up from $1.459 billion in 2019.

David Marcotte, a senior vp at Kantar, mentioned he was stunned on the fee of progress for the house enchancment class since he wouldn’t have anticipated the expansion fee to be greater than 5% or 6% in a typical yr.

“You could have a major funding into the house, which began through the pandemic, after which you’ve got this surge into homeownership,” mentioned Marcotte. “For those who’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 residence enchancment.”

Residence furnishings web site Wayfair additionally made the listing, coming in at No. 4 with 56.4% U.S. gross sales progress. The retailer noticed $11.6 billion in gross sales in 2020 up from $7.5 billion in 2019. Wayfair additionally made the listing for the primary time 5 years in the past, taking the quantity two spot for progress again in 2015.

Additionally, At Residence Group got here in at No. 11 on the listing with an annual progress 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 listing at seventh place with 33.7% U.S. gross sales progress. It’s, Marcotte says, “an awfully massive firm, and the proportion of improve was spectacular in that context.” Amazon noticed U.S. gross sales of $187.3 billion in 2020, up from $140 billion in 2019.

Source link