YipitData Blog
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Amazon sales are now equivalent to sales of top 30 pure players
Amazon alone matched the sales of all top 30 home goods pure players combined during the last holiday season.
Home goods category is a sales driver for Amazon Prime Day, but not for Target nor Walmart’s sales events
The electronics category generally only accounts for 10% of Target’s total sales, but jumped to 21.6% during the retailer’s latest Deals Day.
Why Pizza Hut needed third party delivery to stay competitive
The biggest players in the US pizza industry have invested in new third-party (3P) delivery partnerships in order to compete on digital and attract new customers.
Bed Bath and Beyond cedes home decor dominance to Wayfair
Last year, Bed Bath and Beyond and Wayfair competed for the largest GMV share of home decor. However, since 2022, Wayfair has maintained strong home decor sales whereas Bed Bath & Beyond home decor sales have fallen by more than a third.
Arhaus leads home goods pure players in 3Q22 GMV growth
In YipitData’s 3Q22 Home Goods Index: Pure Players, Arhaus had the largest YoY GMV growth amid top retailers at 60% in the third quarter.
Casual dining decelerates amid inflation
Casual dining has faced inflationary headwinds in 2022 and, in turn, has struggled.
Home Goods DTC Growth Slows Post Pandemic
While DTC retailers were able to capitalize on consumers shopping at home in the pandemic – with DTC sales growth peaking in early 2021 at 120% – the category has since slowed. In 2022, DTC sales growth is slower than non-DTC sales growth.
Electronics surpasses home category on Prime Day October 2022
While home drove the largest share of sales in Amazon’s July Prime Day, electronics surpassed home in the retailer’s October iteration of its sales event, owning 19% of total sales during the event.
Furniture sales grow at Costco
Despite rocky market conditions in 2022, wholesale club retailers have driven sustained YoY growth between 10% to 22% over the past 18 months. Costco leads the wholesale retailer pack, with both its online and offline sales outpacing peers BJ’s and Sam’s Club.
Inflation’s impact on the food and restaurant industries
As inflation hikes up the prices of raw food ingredients for restaurants, eating out is getting more expensive for consumers.
Home Depot beats Amazon and Lowe’s in home improvement sales
Home Depot dominates the home improvement category, with a third of market share in online and offline sales. Behind Home Depot are Amazon, Lowes, and Walmart with about 15% to 20% GMV share each.
Amazon dominates home office category
Amazon significantly outpaces peers like Walmart and Target in online home office GMV: the retailer’s online sales are more than double all their closest competitors combined. However, other big box and furniture pure players have grown their sales in the category over the course of the pandemic. From 2Q20 to 3Q22, Target, for example, surpassed Wayfair in online office furniture sales and grew to a GMV share of 14%.