Beauty sales at generalist retailers have grown more than any other product category this year. H1 2023 Beauty sales at Amazon, Target, and Walmart have grown 24.3% to $18.5B. From 2019 to 2023, Beauty sales at generalist retailers have doubled and, despite market disturbances such as the pandemic and inflation, consumers show no sign of slowing down their spending on beauty products.

Home retail sales exploded in 2020 and 2021 with consumers spending more time living and working from home. However, the retail landscape that we are in now looks and feels a lot different than what it was 3 years ago. Here’s the top 3 trends in retail today.

In 2Q23, the grills market experienced a few noteworthy trends, including the emergence of Weber as a formidable competitor to Blackstone, the dominance of gas grills, and the surging popularity of flat top grills and outdoor griddles.

In 2022, the refrigerator market generated a staggering $7.36B in GMV across Best Buy, Lowe’s and Home Depot. Across top retailers, Lowe’s dominates the refrigerator market with close to 50% of total refrigerator sales.

Understanding market dynamics and consumer behavior is vital for businesses to make informed decisions and stay competitive. Here’s our top 5 reasons why receipt data can unlock valuable business intelligence.

When it comes to the Soil & Fertilizer market, Scotts Miracle-Gro is the clear leader. Despite being a fragmented market, they have continued to grow their lead, currently at ~60% market share.

The Outdoor Power Equipment market is extremely competitive, with over 250 brands vying for market share. Despite this, Ryobi has managed to come out on top, holding onto ~20% market share for the past two years.

Ashley Furniture has faced a challenging start to 2023. Despite experiencing positive GMV growth throughout 2021, the story has been quite different for 2022 and 1Q23. GMV has declined for the fifth consecutive quarter, falling 21% in 1Q23 YoY.

The home goods industry has faced significant challenges over the past few years, and the trend continues into 2023. Total home goods GMV declined 9% in 1Q23 compared to the same period last year. Despite the challenges faced by the industry, IKEA has managed to maintain positive sales growth in 1Q23, with sales increasing by 9% YoY.

The appliance market is dominated by a handful of players, with Samsung, LG, Whirlpool, and General Electric comprising most of the market for key categories like refrigerators, ranges and range hoods, and washers & dryers.

La-Z-Boy has had record setting sales with gross merchandise volume (GMV) in 4Q22 reaching almost $950 million and GMV growth at 47% Y/Y.

In YipitData’s 4Q22 Home Goods Market Share Index, the home goods industry faced a challenging year in 2022, experiencing negative YoY sales growth every quarter, ranging between -7% to -5%.