In the News

While Wayfair and Amazon dominate the online furniture market – with a collective 63% of market share at the end of 2019, according to data analytics firm 1010data – there is plenty of room for smaller retailers.... Read more

When the year just past has been unlike any other in recent memory, how do you forecast what lies ahead? Retail TouchPoints realized how tough this task would be, so we’re particularly grateful that so many of the industry’s leading analysts agreed to share their predictions about the trends, tech and strategies retail will be using to reset itself in 2021.... Read more

Home-furnishing entities saw web transactions escalate by 66 percent year over year through November, according to 1010data, a group that analyzes consumer habits.... Read more

If one thing is for certain, there will be a myriad of channels for consumers to shop. One channel that experienced tremendous growth during 2020 is BOPIS/buy online, pickup in store, which enjoyed 82 percent growth in 2020, said Inna Kuznetsova, chief executive officer of market researcher 1010data.... Read more

Another piece of the puzzle: It turns out that homebound Americans like to sink their money into their homes. Home-furnishing stores, including big ones like Pottery Barn, West Elm and Wayfair, saw online sales surge by 66 percent year over year through November, according to 1010data, which analyzes consumer habits.... Read more

Amazon and Chewy dominate the online pet supplies industry, with Amazon’s market share at more than 50% and Chewy’s at 34%, according to retail consulting firm 1010data.... Read more

To grasp returns, Inna Kuznetsova, CEO of 1010data, mentioned she appears at how customers’ conduct modified, what individuals are shopping for extra of and much less.... Read more

Despite the lack of spending on travel, hotels, flights, and much entertainment, spending levels are predicted to match January and February 2020 levels, according to 1010Data and Visual Capitalist. The National Retail Foundation is predicting $767 billion in sales this Christmas — the highest holiday sales period ever. ... Read more

Amazon didn't stop Wayfair's growth. The smaller company increased its share of online furniture sales in the U.S. to 25% last year from under 18% in 2016, according to market-research company 1010data -- although Wayfair's net loss also widened during the period. Amazon's market share stayed steady, at just over half of online furniture sales, including its direct sales and those of outside vendors on its platform.... Read more

“We also predict the continuous need to analyze data at a local level since states and even counties are alternating between lockdown or online-schooling and re-opening at different times, significantly influencing consumer habits. A granular view of in-store data and leveraging new sources of data from e-commerce to locations will continue to be critical to understand the big picture, plan supply and execute on successful promotions.” — Inna Kuznetsova, CEO, 1010data... Read more

Sales of string lights were up 194 percent in October 2020 from October 2019, according to a 1010data holiday report.... Read more

From October 2019 to October this year, online sales rose 63% year over year, while the use of BOPIS services rose 75%, according to 1010data's holiday report.... Read more

Pet supplies are one of the fastest growing categories online, with sales up 64% in the first eight months of this year, according to retail consulting firm 1010data.... Read more

For many of those shoppers, stores will be the answer, even for online orders. Just over half of U.S. holiday shoppers are concerned about timely holiday fulfillment, according to marketplace platform Feedvisor. The solution lies within a bigger BOPIS infracstructure this year thanks to the pandemic, as those services have launched or expanded at retailers of all sizes, spiking 75% year over year, according to 1010data.... Read more

For the relaunched brands, the months during the pandemic when Americans shopped mostly online offered a unique opportunity to expand the brands’ reach. Online retail sales, including curbside pickups, are projected to jump 50% this year, according to analytics provider 1010data.... Read more