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U.S. Housewares Retail Market

U.S. Housewares Retail Market. Presented by. March 9, 2011. The International Housewares Association Is The Home Authority. Not-for-profit, full-service trade association Founded in 1938 The voice for the housewares industry 1,600 supplier members

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U.S. Housewares Retail Market

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  1. U.S. Housewares Retail Market Presented by March 9, 2011

  2. The International Housewares Association Is The Home Authority • Not-for-profit, full-service trade association • Founded in 1938 • The voice for the housewares industry • 1,600 supplier members • Sponsors of the International Home + Housewares Show

  3. Stores You Will Visit Today* Best Buy Bloomingdales Brookstone The Container Store Crate&Barrel Home Depot Macy’s Pottery Barn Target Wal-Mart Whole Foods Market Z Gallerie

  4. Headlines • Big-name U.S. retailers are increasingly hunting for growth overseas as American consumers continue to guard their wallets, purchasing cautiously. • Kiplinger 1/17/11 • Stuck in the middle, big grocers make changes: Pressures from discount chains, upscale markets force changes • Chicago Tribune 1/6/11 • Retail Up for 2010 Christmas Season: Early returns are finding that retail sales were the highest in the 2010 Christmas season that they’ve been in five years. • The Glittering Eye 12/28/10

  5. Headlines • The bad news [for restaurants] is that people aren't dining out as often. According to our surveys, Americans ate out an average of 3.3 times per week before the recession. In 2010, that number dropped to 3.1. Similarly, in 2007, 53% of all meals were prepared outside the home; now it's 47%. • Wall Street Journal, 1/25/11

  6. Trends • Sales Up, But Stores Fret Over Outlook • Retailers saw their best holiday season since the start of the recession, but a loss of momentum in December fed concerns about the strength of the sector's revival in the new year. • December retail sales at stores ranging from car dealers to grocers rose 7.9% from a year ago, the Commerce Department said Friday, and overall sales surpassed their pre-recession peak. • Wall Street Journal, 1/15/11

  7. Trends Wall Street Journal

  8. Breaking News

  9. Global Housewares Market Global Housewares Retail Sales 2009 US$288.4 Billion US and Canada $75.7 Latin America $11.7 Western Europe $76.1 Asia $91.8 Africa $12.1 Eastern Europe $ 8.4 Middle East $ 8.2 Oceania $ 4.8 • Insert new chart

  10. Housewares SalesBy Key Retail Channel Discount Stores/Supercenters 24.3% Department Stores 14.2% Specialty Stores 11.6% Non Store Retailing 9.3% Supermarkets 8.3% Hardware Stores/Home Centers 5.5% Warehouse Clubs 4.8% Variety/One Price Stores 2.7%

  11. Discount Stores & Supercenters 24.3%

  12. Top Discount Store:Wal-Mart* • Parent Company: Wal-Mart Stores • General Profile: Wal-Mart is a global retailer providing • a broad assortment of quality merchandise and services • at everyday low pricing. • Subsidiaries: Sam’s Club • Number of stores in U.S.: 3,708 • U.S. regions: National • Total sales: $258,200 Million in 2009 • Housewares sales: $20,290 Million in 2009 • Housewares sales rank in top 100: 1 * Source: HomeWorld Business

  13. Retail Intelligence Report Wal-Mart, king of retail, plots rebound The battle for shoppers is playing out in this New York suburb. Wal-Mart versus everyone. Dollar stores beckon, their small size ideal for quick shopping. Target offers 5 percent off if you pay with its store-branded card. Costco tempts with high-end, brand-name food and designer clothes at competitive price. Over the past year, revenue at Wal-Mart stores open at least a year has fallen by an average 0.75 percent each quarter, according to the International Council of Shopping Centers. Revenue rose by an average of 1.7 percent at Target, 8 percent at Costco and 5.9 percent at Family Dollar. Associated Press, 2/5/11

  14. Retail Intelligence Report Walmart Launches Major Initiative to Make Food Healthier and Healthier Food More Affordable Walmart Press Release 1/20/11

  15. Retail Intelligence Report Walmart Tries to Recapture Mr. Sam’s Formula Wal-Mart already commands so large a portion of customers’ wallets that growth is a Herculean task…Goldman Sachs recently estimated that for Wal-Mart to notch a 1% increase in comparable store sales, every person in the US would have to spend an additional $10 at the chain. Wall Street Journal 2/22/11

  16. Retail Intelligence Report

  17. Discount Store:Target* Parent Company: Target Corporation General Profile: Target strives to be the best place to buy high quality merchandise at low prices. They are an upscale discounter. Number of stores in U.S.: 1,746 U.S. regions: National Total sales: $65,357 Million in 2009 Housewares sales: $7,810 Million in 2009 Housewares sales rank in top 100: 3 * Source: HomeWorld Business

  18. Retail Intelligence Report Target Expands into Canada Target, the US discount retailer known for its “cheap chic” image, is to invest more than $2.8bn in opening up to 150 stores in Canada by 2014, in its first international expansion. The retailer, which operates more than 1,750 large format stores in the US says it has agreed to pay C$1.82bn to acquire leases to up to 220 sites currently operated by Zellers, a Canadian discount retailer that is the subsidiary of the Hudson’s Bay Company (HBC). Financial Times, 1/20/11

  19. Discount Store:Kmart Parent Company: Sears Holdings Number of stores in U.S.: 1,327 U.S. regions: National Total sales: $15,743 million in 2009 Housewares sales: $2,240 million in 2009 Housewares sales rank in top 100: 8 * Source: HomeWorld Business

  20. Other Discount Stores

  21. Department Stores 14.2 %

  22. Department Store:Macy*s* • Parent Company: Macy*s Group • General Profile: Macy*s Group, Inc. is the US's leading department store retailer. A tradition of exceptional shopping and lifestyle leadership. • Subsidiaries: Bloomingdale’s • Number of stores in U.S.: 850 • Total sales: $243,489 in 2009 • Housewares sales: $1,090 in 2009 • Housewares sales rank in top 100: 15 * Source: HomeWorld Business

  23. Retail Intelligence Report Macy’s Earnings Increase 50% [New merchandising] initiatives allowed 4.3% growth in sales in the quarter, “on the high end on the aggressive guidance we set for ourselves.” Wall Street Journal 2/23/11

  24. Top Department Store:Sears* • Parent Company: Sears Holdings • General Profile: Sears is a multi-line retailer offering a wide variety of merchandise and related services • Divisions: Kmart, The Great Indoors • Total Stores: 2,235 • Total sales: $23,692 Million in 2009 • Housewares sales: $1,635 Million in 2009 • Housewares sales rank in top 100: 10 * Source: HomeWorld Business

  25. Retail Intelligence Report A Tough Sell at Sears This holiday season, Sears and Kmart, which merged in 2005, are pushing a single message: Buy with layaway, buy with coupons, buy now and pay later, buy with loyalty rewards points — but please, just buy. Five years after the merger, Sears Holdings is beleaguered, with sales markedly worse than its competitors’. The company’s revenue dropped more than 10 percent from 2005 through 2009, the most recent full fiscal year. In the same time period, Walmart’s sales rose almost 31 percent, Target’s more than 24 percent and Macy’s about 5 percent. Sales at JCPenney declined by about 6 percent. New York Times 1/21/11

  26. Department Store:Kohl’s • Parent Company: Kohl’s Department Stores • General Profile: Kohl's mission is to be the leading family-focused, value oriented, specialty department store offering national brand merchandise to the consumer in an environment that is clean, friendly and convenient. • Number of stores in U.S.: 1,058 • Total sales: $17,178 Million in 2009 • Housewares sales: $1,595 Million in 2009 • Housewares sales rank in top 100: 11 * Source: HomeWorld Business

  27. Other Department Stores

  28. U.S. Specialty Stores 11.6%

  29. Specialty Store:Bed Bath & Beyond • Parent Company: Bed Bath & Beyond • General Profile: Bed Bath & Beyond is a national chain of superstores selling predominantly better quality domestic merchandise and home furnishings. Bed Bath & Beyond aims to combine superior service with a huge selection of items at everyday low prices within a constantly evolving environment. • Number of stores in U.S.: 1037 • U.S. regions: National • Total sales: $7,829 Million in 2009 • Housewares sales: $3,420 Million in 2009 • Housewares sales rank in top 100: 5 * Source: HomeWorld Business

  30. Specialty Store:Williams Sonoma Parent Company: Williams Sonoma General Profile: Williams Sonoma is a specialty retailer of high-quality products for the home and kitchen. Subsidiaries: Pottery Barn, Pottery Barn Kids, West Elm Number of stores in U.S.: 610 U.S. regions: National Total sales: $3,103 Million in 2009 Housewares sales: $2,400 Million in 2009 Housewares sales rank in top 100: 6 * Source: HomeWorld Business

  31. Specialty Store:Sur La Table Parent Company: Sur La Table General Profile: Sur La Table was created to satisfy the growing demands from culinary professionals and home chefs for a reliable source of top quality cookware and hard to find kitchen tools. Number of stores in U.S.: 75 Total sales: $205 Million in 2009 Housewares sales: $2124 Million in 2009 Housewares sales rank in top 100: 57 * Source: HomeWorld Business

  32. Specialty Store:Crate&Barrel* Parent Company: Crate&Barrel General Profile: Crate and Barrel features unique, functional, affordable designs for the home. They carry innovative, high quality design products focusing on shape, form, color and function. Subsidiaries: CB2 Number of stores in U.S.: 162 U.S. regions: National Total sales: $1,410 Million in 2009 Housewares sales: $904 Million in 2009 Housewares sales rank: 19 * Source: HomeWorld Business

  33. Specialty Store:Pier 1 Parent Company: Pier 1 Imports General Profile: North America's leading specialty retailer of unique, fashion forward, decorative furnishings, gifts and related items directly imported from over 50 countries around the world. Number of stores in U.S.: 1,054 U.S. regions: National Total sales: $1,291 Million in 2009 Housewares sales: $200 Million in 2009 Housewares sales rank in top 100: 48 * Source: HomeWorld Business

  34. Retail Intelligence Report

  35. Specialty Store:Cost Plus World Market Parent Company: Cost Plus World Market General Profile: World Market is a leading specialty retailer of casual home furnishings and entertaining products. Their strategy is to differentiate themselves by offering a large and ever-changing selection that combines wine, beer, food and home products, many of which are imported, at value prices in an exciting shopping environment. Number of stores in U.S.: 268 U.S. regions: National Total sales: $869 Million in 2009 Housewares sales: $1,253 Million in 2009 Housewares sales rank in top 100: 56 * Source: HomeWorld Business

  36. Retail Intelligence Report Cost Plus, Inc. Confirms Merchandising Test with Bed Bath & Beyond December 10, 2010 – Cost Plus, Inc. today confirmed that it is conducting a merchandising test with Bed Bath & Beyond involving its consumables products in three Bed Bath & Beyond stores located in San Diego, California; Totowa, New Jersey and Elmsford, New York. Cost Plus continually evaluates merchandising initiatives, including the merchandising test taking place with Bed Bath & Beyond. Cost Plus does not comment on merchandising tests.

  37. Specialty Store:The Container Store* Parent Company: The Container Store General Profile: The Container Store is devoted to helping people streamline and simplify their lives by offering an exceptional mix of storage and organization products. Number of stores in U.S.: 48 U.S. regions: 12 States Total sales: $555 Million in 2009 Housewares sales: $512 Million in 2009 Housewares sales rank in top 100: 30 * Source: HomeWorld Business

  38. Specialty Store:HomeGoods Parent Company: TJX Companies General Profile: HomeGoods is a chain of off- price home fashion stores. HomeGoods offers an exciting, and rapidly changing selection of home décor merchandise including furniture, giftware, rugs, bed and bath accessories, lamps and seasonal merchandise at great values. Number of stores in U.S.: 323 U.S. regions: National Total sales: $1,794 Million in 2009 Housewares sales: $740 Million in 2009 Housewares sales rank in top 100: 22 * Source: HomeWorld Business

  39. Specialty Store:Best Buy* Parent Company: Best Buy General Profile: America's leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances. Subsidiaries: Magnolia Audio Video, The Future Shop Number of stores in U.S.: 4,027 U.S. regions: National Total sales: $49,694 Million in 2009 Housewares sales: $349 Million in 2009 Housewares sales rank in top 100: 39 * Source: HomeWorld Business

  40. Specialty Store:IKEA Parent Company: Ingka Holding B.V. General Profile: IKEA is a full-range specialty retailer selling a wide range of home furnishings with good design and function. Number of stores in U.S.: 36 Total sales: $3,200 Million in 2009 Housewares sales: $385 Million in 2009 Housewares sales rank in top 100: 36 * Source: HomeWorld Business

  41. Other Specialty Stores

  42. Non Store Retailing 9.3 %

  43. Internet:amazon.com Parent Company: Amazon General Profile: Amazon is the largest online retailer in North America Total sales: $24,509 Million in 2009 Housewares sales: $530 Million in 2009 Housewares sales rank in top 100: 29 * Source: HomeWorld Business

  44. Retail Intelligence Report

  45. Retail Intelligence Report Gift Shoppers Flocked to the Web Online Christmas Sales Rose 15.4% as Retailers Offered Free Shipping and Internet-Only Bargains WSJ, 12/24/10

  46. Supermarkets 8.3 %

  47. Top Supermarket:Kroger Parent Company: Kroger Subsidiaries: Bakers, Calla Foods, CityMarket, Dillons, Food4Less, Fred Meyer, Frys, Gerbes, Hilander, Jay C Foods, Kessel Food Markets, King Soopers, Payless Super Markets, QFC Quality Food Centers, Quik Stop, Ralph's, Smith's Food & Drug, Tom Thumb Food Stores Number of stores in U.S.: 3,619 Total sales: $76,733 Million in 2009 Housewares sales: $1,370 Million in 2009 Housewares sales rank in top 100: 13 * Source: HomeWorld Business

  48. Supermarket:SuperValu Parent Company: SuperValu Subsidiaries: Acme, Albertson’s, Jewel-Osco, Supersaver Foods Number of stores in U.S.: 2,340 U.S. regions: 31 States Total sales: $31,637 Million in 2009 Housewares sales: $344 Million in 2009 Housewares sales rank in top 100: 40 * Source: HomeWorld Business

  49. Supermarket:Safeway Parent Company: Safeway Subsidiaries: Carrs, Dominicks, Genuardi's, Pac n Save Foods, Pavillions, Randalls, Tom Thumb, Von's Number of stores in U.S.: 1,725 U.S. regions: National Total sales: $40,851 Million in 2009 Housewares sales: $704 Million in 2009 Housewares sales rank in top 100: 25 * Source: HomeWorld Business

  50. Supermarket:Whole Foods Market* Parent Company: Whole Foods Market Subsidiaries: Wild Oats Number of stores in U.S.: 284 U.S. regions: National Total sales: $8,032 Million in 2009 Housewares sales: $72 Million in 2009 Housewares sales rank in top 100: 72 * Source: HomeWorld Business

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