WASHINGTON – The Nationwide Retail Federation has introduced its annual Scorching 25 Retailers Listing and several other residence furnishings retailers made it onto this yr’s listing.
The High 25 are decided primarily based by Kantar, an information analytics firm, and the willpower 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 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 shocked 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 yr.
“You’ve got a big funding into the house, which began in the course of the pandemic, after which you could have this surge into homeownership,” mentioned Marcotte. “When 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 residence enchancment.”
Residence furnishings web site Wayfair additionally made the listing, 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 listing for the primary time 5 years in the past, taking the quantity two spot for development again in 2015.
Additionally, At Residence Group got here in at No. 11 on the listing 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 listing at seventh place with 33.7% U.S. gross sales development. 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.