YipitData Blog
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[Report] 1H23 State of the Home Improvement Industry
The pandemic grew spending in home improvement significantly, however consumer behavior has since recalibrated. Explore the dynamics of the $220 billion home improvement market, with visibility on industry trends and growth by channel, retailer and subcategory.
Cross-Shopping Trends in Bathroom Renovation
Today's bathroom renovation consumers are focused on specific areas and opt for targeted improvements rather than comprehensive overhauls. What are customers of top performing subcategories also purchasing across the industry?
Key Players Profiting from Bed Bath & Beyond’s Bankruptcy
In April, retail giant Bed Bath & Beyond (BBBY) filed for bankruptcy after steady declines in sales since the pandemic. In 2Q23 alone, the former industry leader lost 3 pp of market share YoY. So, which home goods retailers stand to gain the most from BBBY’s losses?
Share of Category Requirement by Channel in Bathroom Renovation
Across top omni-channel brands in bathroom renovation, most players see consistent performance across B&M and online. However, two brands stand out as dominant only in a single channel: Everbilt is a top player only in-store, and Home Decorators Collection is a top player only online. These brands – both Home Depot private labels – taking the lead in GMV emphasizes Home Depot’s dominance in the bathroom renovation category.
How Kohl’s Grew it’s Customer Base with a Sephora Partnership
Beauty leads all other product categories in H1 2023 sales growth. Beauty retail sales at generalist retailers have experienced double-digit growth for the past 4 years, with Amazon dominating Walmart and Target in Beauty sales. How are Kohl’s and Target using partnerships to bet big on Beauty?
Loyal Customers Help Scotts Miracle-Gro Maintain their Market Lead
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.
Why Ashley Furniture sales continue to decline in 1Q23
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.
Ashley Furniture GMV declines as customer spending shifts towards Wayfair
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%.
Home Goods Brand Dynamics on Amazon
Understanding the brands and subcategories that are winning on the largest retail marketplace are more important than ever. YipitData’s Home Goods Brand Dynamics on Amazon report explores this competitive landscape.
How inflation has affected the home goods market
While pure players’ home goods sales have decreased 10% YoY from October 2021 to October 2022, average order values (AOV) have been rising, suggested price hikes.
Consumers spend more per order at home goods pure players than mass retailers
Amid inflation, average order values (AOV) for pure players in the home market have increased over the year.
2022 Home Goods Market Report
Dive into the 2022 market dynamics of home goods purists and multi-category mass retailers, looking at market share performance of top retailers, the effects of inflation on home goods spending, and the impact of third-party marketplaces to home goods brands.