SHAKING UP THE RANKS; HFN'S EXCLUSIVE LIST OF THE TOP 150 RETAILERS SHOWS THAT MASS AND SPECIALTY RETAILERS SHINED IN 2004, AS THE LANDSCAPE GETS SET FOR MAJOR MERGERS.
HFN: The Weekly Newspaper for the Home Furnishing Network, August, 2005 by Thau, Barbara
Byline: Barbara Thau
NEW YORK-The mega-mass merchants strengthened their market-share dominance in the home furnishings industry last year. Target unseated Sears as the third-largest retailer and Wal-Mart, the number-one home merchant, ramped up category growth.
A cross-section of specialty chains -- from Bed Bath & Beyond to Lowe's, Best Buy and IKEA -- racked up robust gains on HFN's annual Top 150 Home Retailers list.
The list also shined a spotlight on home retailing's trouble spots: Furniture chains, as well as Sears and Kmart, posted among the steepest declines in home sales.
However dramatic retailers' market-share shifts were in 2004, the effects will be overshadowed this year by the super-mergers. The unions of Sears...
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