– Furniture Today’s annual Top 100 U.S. Furniture Stores report revealed that total sales for the top 100 companies decreased by 3.2% in 2020.

– Despite this drop, several companies were able to succeed and grow in other areas, showcasing their adaptability during this challenging period.

– Ashley HomeStore maintained its top spot on the list, despite a 2% decrease in sales.

– Direct-to-consumer furniture brands such as Wayfair and Amazon improved their rankings, pointing to a shift in consumer preference towards online shopping.

– On the other hand, traditional brick-and-mortar stores struggled with temporary closures and decreased foot traffic caused by the pandemic.

– The report predicts a challenging recovery ahead but suggests an eventual return to growth, driven by housing market activity.

Summary of the Top 100 Furniture Stores Report

Ashley HomeStore Retains Top Spot

Despite a minor blip in sales, Ashley HomeStore held firm at the top of the list.

Boost in Online Sales

Direct-to-consumer furniture brands saw a surge in popularity as customers shifted to online shopping.

Struggling Traditional Stores

Brick-and-mortar stores battled temporary closures and dwindling customer visits amidst the pandemic.

In summary, while the overall furniture industry saw a dip in total sales last year, certain brands, particularly those in the e-commerce space, successfully adapted and even managed to thrive. The resilience of Ashley HomeStore, which managed to retain its number one spot spot, is commendable, but the real winners might be brands like Wayfair and Amazon who witnessed a surge in online sales. These tumultuous times have proven hard on traditional brick-and-mortar stores, but the predicted housing market boom could signal a turn of tides and a return to growth for the furniture industry at large. Despite the shadows of 2020, it’s clear that the furniture world is far from sitting still.

originial article https://www.furnituretoday.com/?p=317359

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