YipitData Releases 3Q22 Home Goods Market Share Index: Pure Players
NEW YORK, October 25, 2022 /PRNewswire/ — YipitDatathe trusted source of market research and insights, has released its third edition Homeware Market Share Index: Pure PlayersA ranking of the top 30 homeware pure players the United States. The quarterly index, compiled by YipitData’s retail and e-commerce analysts, tracks trends and estimated sales using the company’s alternative data solutions. It measures year-over-year growth and quarterly market share changes based on combined sales across digital and brick-and-mortar.
“The online home goods industry in particular saw a massive surge during peak pandemic as consumers stayed home – and shopped,” explains Then Pellegrinelli, YipitData’s VP of Research. “However, our research shows that overall industry growth is slowing. Lower-income consumers continue to restrain spending, contributing to share loss for stores such as Bed Bath & Beyond and Bob’s Discount Furniture.”
General home retailers such as Bed Bath & Beyond, Ashley Furniture and Overstock lost the bulk of a declining market in 3Q22, while more upscale players such as Arhaus, Pottery Barn and West Elm gained share.
YipitData’s Q3 Homeware Market Share Key Takeaways:
- Wayfair continues to have the largest share of the home goods market with a slight increase (0.23 pp) in year-on-year market share.
- Arhaus achieved incredible success in 3Q22, with market share nearly doubling year-on-year. It is now in 17th place – up 5 places from last quarter, the most of any brand.
- Bed Bath & Beyond continues to suffer from declining market share. It had the largest year-on-year decline in market share (-2.02 pp) among the top 30 retailers in 3Q22. Bob’s Discount Furniture also fell in the rankings, falling 5 places to 23rd.
Top 30 Home Goods Pure Players:
- Home goods
- Big Lots
- Bed Bath & Beyond
- Ashley Furniture
- Pottery Barn
- Repair hardware
- West Elm
- at home
- Crate and Barrel*
- Excess stock
- Rooms to go
- Living spaces
- Raymour and Flanigan
- Pottery Barn Kids & Teens
- Havertys Furniture
- Nebraska Furniture
- Container Store
- Williams Sonoma
- Bob’s Discount Furniture
- Badcock Home Furnishings
- Chamber & Board
- Ethan Allen
- Front gate
- furniture row
- Mathis House
- Serena and Lily
To find out what’s driving these changes, get in touch [email protected].
The index will be updated quarterly and is available at yipitdata.com/3q22-home-goods-index.
YipitData is a trusted data partner for over 480 of the world’s largest investment funds and companies. We answer key questions and enable better business decisions through our data and insights.
Note on index methodology improvements:
Since the release of our first report (1Q22), the Home Goods Market Share Index methodology has been enhanced with refined coverage of brick-and-mortar transactions for all merchants.