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YipitData launches Home Goods Market Share Index, shows Wayfair market share 2x closest competitors
NEW YORK, June 2, 2022 /PRNewswire/ — YipitData, the leading market research firm, today announced the first edition of its Home Goods Market Share Index, a ranked list of the top 30 pure play brands and retailers. The new quarterly index, compiled by YipitData’s retail and ecommerce analysts, tracks trends and estimated sales using the company’s trusted alternative data solutions. It measures year-over-year growth, market share, quarterly changes and represents online and offline sales within the US.
“Our goal for this index is to highlight trends in the industry using alternative data–including our proprietary datasets–to paint a better picture of how the competition is stacking up,” said Ariane Turley, Sr. Research Analyst at YipitData. “The retail sector, specifically home goods, deserves to be watched especially in the wake of the pandemic as shopping habits revert to old patterns.”
YipitData’s Home Goods Market Share Index provides a current snapshot of the home goods retail landscape, showing winners and losers in an industry buffeted by market shifts and disruptions. The top 10 retailers by GMV collectively accounted for over 70% of total GMV from the top 30 pure players in April 2020. However, as smaller players recapture more of the market, the share of GMV from the top 10 brands has steadily declined.
* Crate & Barrel includes CB2
* Pottery Barn includes Pottery Barn Kids & Teens sales
Index does not include Amazon, Walmart, Target as this index is focused on the pure play retailers
To dive deeper into the data and find out what’s driving these changes, contact press@yipitdata.com. Starting this week, the index will be updated quarterly and is available at yipitdata.com/homegoodsindex.
YipitData is the industry’s most accurate and trusted source of alternative data. We provide useful insights to answer our clients’ key questions by sourcing, cleaning, verifying & analyzing billions of alternative data points. By partnering with over 400 institutional investors and Fortune 500 companies, we power our clients with the data they need to make better investment decisions. For more information, visit YipitData.com.
SOURCE YipitData
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