HomeGoods, Pottery Barn lead in gobbling up market share

NEW YORK – A brand new market share tracker for 30 main dwelling retailers and types finds that Wayfair leads within the area, however has misplaced a number of steps.

Market analysis agency YipitData yesterday launched the primary version of its Residence Items Market Share Index, a ranked checklist that measures year-over-year development, market share, quarterly modifications that represents on-line and offline gross sales throughout the U.S.

“Our objective for this index is to spotlight tendencies within the {industry} utilizing different knowledge – together with our proprietary datasets – to color a greater image of how the competitors is stacking up,” stated Ariane Turley, senior analysis analyst at YipitData. “The retail sector, particularly dwelling items, deserves to be watched particularly within the wake of the pandemic as buying habits revert to previous patterns.”

Key takeaways from the primary version:

HomeGoods noticed the second largest proportion level improve in market share (+0.66 ppt), second solely to Pottery Barn (+1.1 ppt).
Wayfair leads the sector general, with 16.7% market share, however its market share is heading again right down to pre-pandemic ranges.
Mattress Bathtub & Past, which runs second to Wayfair within the rating, was additionally quantity two in Wayfair in market share erosion through the interval.

“Common order frequency and buyer retention charges have fallen for many prime 10 retailers from 1Q2021 to 1Q2022, which may very well be reflective of a decline in client demand for dwelling items, {industry} challenges with provide chain disruption, and/or a resurgence of smaller gamers like Ethan Allen, Arhaus and Room & Board claiming extra of the house items market,” YipData famous in its evaluation of the information.

YipitData analyzes knowledge factors from transactions, e-mail receipts and net knowledge and triangulates that knowledge with publicly launched gross sales estimates.