Originally printed in the May 18, 2015 print issue of Furniture Today
The nation's largest furniture stores dominated in so many ways this past year.
They snatched up more market share from other smaller furniture stores. They even increased their share of sales against all distribution channels, including e-commerce. And they grew their store counts by hundreds of new units.
Furniture/Today's Top 100 U.S. furniture stores posted an 8.3% increase in furniture, bedding and accessories sales in 2014, growing revenue to a combined $37.05 billion. That's up from $34.22 billion in 2013 and up from the $34.12 billion (and 7.8% gain) posted by the Top 100 companies on last year's list.
It was the fifth consecutive annual sales gain for the Top 100 as the big continued to get bigger, gain new ground on their competitors and recover under an improving economy despite a slow, wintry start to the year.
Furniture/Today's exclusive Top 100 U.S. Furniture Stores ranks furniture stores by 2014 sales of furniture, bedding and decorative accessories, including fabric and furniture protection, warranties and delivery charges.
To qualify, a store must specialize in home furnishings. Sales from furniture, bedding and accessories must account for 25% or more of total sales and at least 25% of those sales must come from brick-and-mortar stores. A store’s mix may also include electronics, appliances, flooring and other home furnishings.