7 big changes scramble the giants of home textiles retailing | Top 50 Retailers Report

New York – Only four companies among HTT’s exclusive Top 50 Retail Giants report logged sales declines last year, and 28 generated double-digit gains

The report records a strong year for home textiles sales at retail in 2021, up nearly 17%.  Here are the most notable shifts in market share.

1. Amazon overtook Bed Bath & Beyond as No. 3, with nearly 20% growth in home textiles sales in 2021. Although the online giant’s first quarter gains in 2022 fell back down to earth, up just 7%, throughout last year it was generating big double-digit increases.

2. Wayfair came down a couple of pegs last year, slipping out of the Top 10. It should be noted that Wayfair only ascended into the top tier via the online boom in 2020, before which it ranked No. 14. Looked at from that lens, it still remains a climber.

HTT’s Top 50 Retailers report appears in the July/August issue.

3. TJMaxx/Marshalls demonstrated that online prowess isn’t everything. The leading off-price behemoth has climbed over Kohl’s in this year’s ranking to enter the Top 5.

4. The boffo 2021 for the off-price channel also brought Ross Stores up a notch, from No. 9 to No. 8, and lifted Burlington Stores into the Top 10 from its previous berth at No. 12. Can they hold onto those positions in this year’s environment?

5. The Home Depot is making a run toward the Top 10 after adding more than $380 million in home textiles sales last year.

6. Three companies make their first appearance on the Top 50 Retailers ranking: Christmas Tree Shops, Parachute and Citi Trends.

7. Sears falls off the ranking after hanging on at No. 50 in last year’s report. This is the first time in the more than 40-year history of the ranking that Sears has not charted.

The report appears in HTT’s July/August issue, which is now in the mail to subscribers. This issue will also be distributed at this month’s Atlanta Market and Las Vegas Market.