Business Services Industry

Research and Markets: Williams-Sonoma & Linens Things are Two of the Major Companies Operating in the $23 Billion Home Furnishings Stores Market

Business Wire, August 21, 2006

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c40924) has announced the addition of the First Research report: Home Furnishings Stores - Industry Profile to their offering.

The US home furnishings store industry includes 22,000 stores with combined annual revenues of over $23 billion. Major companies include Bed Bath & Beyond, Linens Things, and Williams-Sonoma. The industry is concentrated: the 50 largest companies have about 70 percent of industry sales.

COMPETITIVE LANDSCAPE

Demand is driven by consumer income. Large companies compete through volume purchasing, breadth of products and effective merchandising and marketing. Small companies focus on a market segment and compete through depth of products and superior customer service. Average annual sales per employee is $125,000. Competition includes department stores, mass merchandisers, home improvement stores, and mail order retailers.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major product categories are domestics (20 percent of sales); decorative accessories (20 percent); dinnerware (10 percent); cookware (10 percent); other kitchen and bathroom accessories (15 percent); and window treatments (10 percent). Domestics are towels, sheets, blankets, and table linens. Decorative accessories include lamps, mirrors, pictures, clocks, and desk sets. Dinnerware includes china, glassware, and flatware. Window treatments are curtains, draperies, blinds, and shades.

Home furnishings retailers include national chains and independent stores. Major chains, such as Bed Bath & Beyond, offer superstores that vary from 20,000 to 70,000 square feet and are located in suburban strip malls. Other chains, such as Williams-Sonoma, operate stores of 5,000 to 15,000 square feet located primarily in enclosed shopping malls. Independent stores range from 2,000 to 20,000 square feet.

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Topics Covered:

Industry Overview

Quarterly Industry Update

Business Challenges

Trends and Opportunities

Call Preparation Questions

Financial Information

Industry Forecast

Website and Media Links

Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/reports/c40924

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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